It means they’ll be able to pay 23.5% of settlement or $4.7 billion. But the rest of the $15.3 billion will still need to be paid by SOMEBODY. “$15.3 billion of the settlement qualifies as a tax deduction” That’s not “$15.3 billion of earnings will be tax deductable” but rather that “$15.3 billion does not need to be paid at all”. To anybody. Free money. Windfall. They can stretch that $15.3 billion of tax deduction over the course of a few years as ordinary operating expenses too.

It means they’ll be able to pay 23.5% of settlement or $4.7 billion.

But the rest of the $15.3 billion will still need to be paid by SOMEBODY.

“$15.3 billion of the settlement qualifies as a tax deduction”

That’s not “$15.3 billion of earnings will be tax deductable” but
rather that “$15.3 billion does not need to be paid at all”.

To anybody. Free money. Windfall.

They can stretch that $15.3 billion of tax deduction over the course of a few years as ordinary operating expenses too.—–

 

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