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Seattle Payroll Expense Tax Upheld by State Appellate Court

McDermott Will & Emery Employee Benefits

Last month, the Washington Court of Appeals affirmed a lower court’s decision to dismiss a challenge to the recently enacted payroll expense tax in Seattle, WA. The tax, which went into effect on January 1, 2021, […]. Seattle Metro. Chamber of Commerce v. City of Seattle, No. 82830-4-I, 2022 WL 2206828 (Wash. June 21, 2022).

Taxes 94
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Stranger in a Strange Land: Surprising Applications of U.S. Golden Parachute Rules in Cross-Border Transactions

Proskauer's Employee Benefits & Executive Compensa

The “golden parachute” excise tax regime under Internal Revenue Code Sections 280G and 4999 (“Section 280G” and “Section 4999”, respectively) is at the core of both public and private U.S.-based compensation tax deduction. When Do the Golden Parachute Tax Provisions Apply? Background. based transactions. corporations.