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Category Archives: Sexual harassment

April 14, 2018

New Tax Code Provision Disallows Deductions for Some Settlements

A little-discussed provision in the Tax Cuts and Jobs Tax Act (“Act”) signed into law earlier this year by President Trump may increase the after-tax cost for companies to settle sexual harassment or sexual abuse claims. The Act will now disallow a business deduction for amounts paid to settle such claims, including attorneys’ fees, if  Read More arrow