Tax Consequences For Employers
The employer cannot claim a deduction until the benefits are taxable to the employee.
Read more about this topic: Nonqualified Deferred Compensation
Famous quotes containing the words tax, consequences and/or employers:
“To tax and to please, no more than to love and to be wise, is not given to men.”
—Edmund Burke (1729–1797)
“Without being forgiven, released from the consequences of what we have done, our capacity to act would ... be confined to one single deed from which we could never recover; we would remain the victims of its consequences forever, not unlike the sorcerer’s apprentice who lacked the magic formula to break the spell.”
—Hannah Arendt (1906–1975)
“It is in our interests to let the police and their employers go on believing that the Underground is a conspiracy, because it increases their paranoia and their inability to deal with what is really happening. As long as they look for ringleaders and documents they will miss their mark, which is that proportion of every personality which belongs in the Underground.”
—Germaine Greer (b. 1939)