Senator Files Bill Barring Fox From Getting $200M Tax Break From Lawsuit Payment

An arcane tax provision lets the company save up to $213 million in taxes due to its $787 million defamation settlement.

Though Fox News reached an agreement with Dominion Voting Systems earlier this year to pay one of the largest media settlements in history over the outlet’s repeated lies regarding the 2020 election, the corporation may be able to soften the blow — to the tune of a $200 million tax break, reporters found earlier this year. Now, one Senate Democrat is trying to change that. Sen.

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-10T18:43:17+00:00) » Senator Files Bill Barring Fox From Getting $200M Tax Break From Lawsuit Payment. Retrieved from https://radiofree.asia/2023/07/27/senator-files-bill-barring-fox-from-getting-200m-tax-break-from-lawsuit-payment/.
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» Senator Files Bill Barring Fox From Getting $200M Tax Break From Lawsuit Payment | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/07/27/senator-files-bill-barring-fox-from-getting-200m-tax-break-from-lawsuit-payment/ | 2024-05-10T18:43:17+00:00
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