News & Insights

How Tax Code Changes Affect State AG Settlement Talks

Earlier this year the U.S. Department of the Treasury and the Internal Revenue Service announced final regulations interpreting key amendments to the Internal Revenue Code regarding the deductibility of certain payments made to, or at the direction of, the government in order to resolve a government investigation or prosecution. In this Law360 article, “How Tax Code Changes Affect State AG Settlement Talks” State AG Group members Meghan Stoppel and Gianna Puccinelli highlight issues general counsel and their tax advisers may wish to consider when negotiating with state attorneys general, how so-called compliance costs may factor into those negotiations, and how state attorneys general may address some issues created by these changes to the code. More here.