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Tesla Motors

Companies Swallow $2.1 Billion in Taxes as Executive Pay Climbs

Tesla, Howmet and others rack up bigger tax bills after Congress limits deductions for executives and pay over $1 million
Original publication date: 
Thursday, July 21, 2022 - 17:50

Companies are racking up hundreds of millions of dollars in income taxes on pay for top executives, a growing bill that in some cases makes up a sizable chunk of their annual tax expense.

New Rule to Lift Veil on Tax Breaks

Accounting standard will require government officials to disclose value of property, sales and income taxes that have been waived
Original publication date: 
Tuesday, August 4, 2015 - 17:50

Cities and states have plied companies with tax breaks for decades hoping to attract jobs and commerce. A new accounting standard will force many to disclose the total annual cost.

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