Taxation without consolidation: The Tipline for 30 November 2020
The Department of Justice’s antitrust division often claims that its actions are designed to protect the American taxpayer. The agency’s conditional approval of Intuit/Credit Karma last week signalled a more direct approach to upholding that virtue, requiring the merging companies to sell Credit Karma’s free do-it-yourself tax preparation kit to Square. Unfortunately for readers in Washington, DC, the DOJ’s consent decree is not accompanied by any meaningful representation in Congress. Also in Tipline, two of the largest US book publishers announce plans to merge and the US Supreme Court prepares for oral arguments in a trio of antitrust-relevant cases.
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