Trial Bar Tax Break?
July 15, 2010
Today’s WSJ editorial page reports on news coming of the trial bar’s annual confab currently underway in Vancouver, Canada. Apparently the trial bar lobby’s head of federal government relations proclaimed that the US Treasury Department will soon order a tax break for contingency fee lawsuits.
Whether the tax break will take the same form as the legislation that failed to pass Congress last year - proposed giving a 40% tax subsidy for up-front litigaiton cost - remains to be seen… the boys at Treasury are giving the “no comment” line.
Posted by Dan Pero in the categories: Trial Lawyers
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[...] lawyers bragged about this tax break during their annual conference in Canada in July. The proposal would give [...]