Not exact matches
If the payments or benefits payable to him
in connection with a
change in control would be subject to the excise
tax on golden parachutes imposed under Section 4999 of the Internal Revenue
Code, then those payments or benefits will be
reduced if such reduction would result
in a higher net after -
tax benefit to him.
The
changes in the
tax code mark a departure for Republicans, who have traditionally praised the virtue of small businesses and the importance of
reducing the deficit.
That's according to the
Tax Foundation, once derided as a «right - wing think tank» by a top aide to Gov. Andrew Cuomo, which gave credit to changes made in the 2014 - 15 budget to the state's corporate tax structure that reduce the rate and simplified the co
Tax Foundation, once derided as a «right - wing think tank» by a top aide to Gov. Andrew Cuomo, which gave credit to
changes made
in the 2014 - 15 budget to the state's corporate
tax structure that reduce the rate and simplified the co
tax structure that
reduce the rate and simplified the
code.
Cuomo has proposed a slew of business
tax code changes that include
reducing the rate and raising the exemption threshold for the estate
tax, merging a dedicated bank
tax into a corporate
tax and
reducing the overall rate, creating a new rebate for upstate manufacturers and the accelerated decline of an energy surcharge that the state extended
in 2013.
So, too, will
changes in the
tax code that indirectly affect the incentives for charitable giving, e.g., a much high standard deduction would
reduce still further the proportion of taxpayers that itemize their deductions and, therefore, are affected by the charitable deduction.
It provides the most sweeping
changes to the federal
tax code in decades while
reducing tax bills for businesses and workers alike.
An opportunity to
reduce carbon pollution, while making the most progressive
change to our
tax code in 40 years.