Master settlement and Taxation
Lots of detailed explanations exist. Some very highly technical, we shall try to include the most readily understood to commence this entry
General Commentary and Background
- "In November 1998, forty-six US states, along with the District of Columbia and five US territories, and the major tobacco companies entered into a contract of an extraordinary nature. (The other four states, Florida, Minnesota, Mississippi, and Texas, had entered similar agreements on their own beginning the year before.) The agreement, known as the Master Settlement Agreement (MSA), represented the culmination of a decades-long argument between the tobacco companies and state governments"