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March 20, 2018

Tax law may curtail corporate schmoozing

  • Companies spend hundreds of millions annually entertaining customers and clients, and until this year they could partially deduct the expense.
    • By MARCY GORDON
    Associated Press

    WASHINGTON — Could the crackdown on tax loopholes clamp down on corporate schmoozing?

    The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be felt in the pricey boxes at sports stadiums, or even at Double-A baseball games in small towns with loyal company backers. In Washington, lobbyists who helped craft the Republican tax legislation could now be pinched by it.


     
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