Today’s column reports on tax and securities law developments in 2018 affecting executive compensation.

Tax Developments

Change in the Corporate Tax Rate. Effective for taxable years beginning after Dec. 31, 2017, the ordinary income tax rate for corporations is 21 percent. This replaces the prior ordinary income tax rate structure for corporations that ranged from 15 percent to 35 percent. This change is contained in §13001 of the Tax Cuts and Jobs Act of 2017 (Public Law No. 115-97, 131 Stat. 2054 (Dec. 22, 2017)) (the 2017 Tax Act).

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]