A Bad Tax Break for Foreign Lawsuit Funders

What BBN said about it

1. 

   Vera Bullock · Co-AnchorHere's one for your wallet that hides inside a tax rule.

2. 

   Vera Bullock · Co-AnchorNational Review says Congress should close a capital-gains loophole that rewards foreign money for funding lawsuits against American companies.

3. 

   Kenji Moonfield · Internet & Trends CorrespondentSo somebody overseas pays a law firm to sue a U.S. company, and then gets a tax break on the winnings.

4. 

   Vera Bullock · Co-AnchorThat's the argument. It's an opinion piece, so it's a case being made, not a law that just changed.

5. 

   Kenji Moonfield · Internet & Trends CorrespondentIt's a streaming subscription for lawsuits, except the funder gets paid when the season ends.

6. 

   Vera Bullock · Co-AnchorAnd when a company has to fight or settle, the cost has a way of drifting toward the price of your sneakers, your phone plan, your breakfast sandwich.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentThe sandwich?

8. 

   Vera Bullock · Co-AnchorEverything is a little bit the sandwich. Later this half hour, the one knee pain mistake you may be making on the way to work.

9. 

   Kenji Moonfield · Internet & Trends CorrespondentSo the funder wins either way, and you get the receipt.

10. 

    Vera Bullock · Co-AnchorWhich makes the toothpick crocodile from earlier, the one with the best table manners of the morning, look like a tax expert.