CEO, every member of the board, every manager in that division that made and sold the products, fine 100% of their pay, fine 4x revenue - not profits for the products affected, and do not let them write the costs off.
CEO, every member of the board, every manager in that division that made and sold the products, fine 100% of their pay, fine 4x revenue - not profits for the products affected, and do not let them write the costs off.
Here's another thing to grind your gears: much of the fine will be paid in "consumer relief," which so far has meant a tax writeoff upfront, then negligible consumer relief.
Even if it is tax deductible, 'all' you're getting is a tax shield of your tax rate, if it's 30%, you still pay 70% of the fine. That's still about 50% of their annual net profit. It's nowhere near enough to me, but to say a 30% discount on a fine makes the fine pointless is exaggerated.
Either way though, no it's not tax deductible.