Tax,
Civil Litigation
Aug. 20, 2018
Monsanto hit with $289M verdict; taxes could take 90 percent
Even if Monsanto were to pay the verdict, new tax rules will be as effective as Roundup in swallowing up most of the big verdict.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Monsanto hit with $289M verdict; taxes could take 90 percent
San Francisco jurors awarded $289 million to a man they say got cancer from Monsanto's Roundup weedkiller. Plaintiff Dewayne Johnson cannot count on the money, as Monsanto says it will appeal. Monsanto faces hundreds of other claims, so it may have good reason to fight on.
Yet even if Monsanto were to pay the verdict, new tax rules w...
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