Tax Cuts and Jobs Act portends big changes to executive pay practices
The Senate Finance Committee and the House of Representatives have each proposed their own versions of the Tax Cuts and Jobs Act, and both portend dramatic changes to executive compensation and employee benefit practices.
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Tax Cuts and Jobs Act passes in Senate
The Senate over the weekend passed its version of the Tax Cuts and Jobs Act, aligning closely to the corresponding bill passed by the House last month as it concerns executive compensation provisions—but the Base Erosion Anti-Abuse Tax provision has the renewable energy sector in a state of panic.
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ArticleFlorida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
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ArticleFormer U.S. clothing business CEO faces 25 years for bribery in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.