Prof. David Duff cited on tax deductibility of corporate fines

Prof. David Duff is cited in a commentary about the ability of Canadian corporations to deduct fines and penalties they receive for breaking the law from their income tax as a business expense ("Thanks to a tax loophole, corporate crime does pay", The Globe and Mail, March 28, 2003).

These deductions are possible because of a Supreme Court of Canada decision in 1999. Prof. Duff describes the court decision as a "radical" rewriting of Canadian tax law.

For the full article, see The Globe and Mail.