write off

Republicans made reversing that feature a priority in 2025, and this year’s tax law brought back immediate write-offs for research going forward.

The publisher had a $13 million write-off related to the closure of one of its distributors.

At the same time, they added, the blueprint lacked some of the boldness officials promised, such as corporate tax-rate reductions and aggressive write-offs on productivity-enhancing equipment.

GM recently took $1.6 billion in write-offs, reflecting expectations of lower demand and profitability for its EV business.

The bank said the write-off was an integral part of the acquisition and that, in UBS’s view, it complied with both contractual terms and Swiss law.