Fox News Can Score Tax Write-Off From Dominion Settlement
The media outlet may be able to deduct nearly a third of the $787.5 million payout as the cost of doing business
Source: thewrap.com
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The media outlet may be able to deduct nearly a third of the $787.5 million payout as the cost of doing business
Fox News could claim the settlement was an "ordinary and necessary" business expense, according to one report.
People familiar with the situation said talks got more serious over the weekend.
Rupert Murdoch survived the News International phone-hacking scandal 12 years ago. The Dominion defamation lawsuit against Fox News is his next test.
Fox Corp executives Rupert and Lachlan Murdoch can be called to testify at this month's defamation trial over...