How some companies play 'fast and loose' with executive benefits: Trump's charges, explained
The Trump Organization and its chief financial officer, Allen Weisselberg, pleaded not guilty to tax crimes on Thursday. Experts say the illegal practices the government alleges occurred may be more common among certain types of companies.
The indictment says the Trump Organization and Weisselberg skirted IRS rules by failing to report so-called "fringe benefits," a form of employee compensation.
Top executives received unreported rent-free apartments, private school tuition, vehicle leases and bonuses, according to the indictment.
These "off the books" executive perks are more likely to happen at private companies like the Trump Organization, said certified financial planner Sharif Muhammad, founder and CEO of Unlimited Financial Services in Somerset, New Jersey.
https://www.msn.com/en-us/money/companies/how-some-companies-play-fast-and-loose-with-executive-benefits-trumps-charges-explained/ar-AALNjgT
= new reply since forum marked as read
