Page 7 - Tax_Law.pdf
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15.5% on cash assets and 8% on non-                         Businesses won't be able to write off
    cash assets, like equipment in which                        sexual harassment settlements.
    profits were invested.                                       New Jersey Democratic Senator Bob
                                                                Menendez's amendment born of the
    By the way, there's a provision to                          #MeToo moment made it all the way
    rein in executive pay at nonprofits.                         through. Companies can no longer deduct
    The legislation includes a new 21% excise                   any settlements, payouts or attorney's
    tax on nonprofit employers for salaries                      fees related to sexual harassment if the
    they pay out above $1 million. That may                     payments are subject to non-disclosure

    mean some well-paid executives at                           agreements.
    nonprofits take a pay cut.









             P.G. Better Living
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