Tax on Nonprofits Could Snare Companies, Too A new excise tax on executive pay at tax-exempt entities may also apply to their affiliated for-profit companies, IRS guidance suggests. David McCann Companies with affiliated tax-exempt entities could find themselves surprised to be on the hook for a new tax, in light of interim guidance recently released by the Internal Revenue Service.

Earlier this month, the SEC and the former CEO of Jumio — a defunct, privately held mobile payments verification startup — agreed to settle fraud charges related to the overstatement of revenue. Executives of private companies should regard the case, and other recent ones like it, as warnings...

Unlike every other SEC-required disclosure, the CEO pay ratio may be reported absent any context whatsoever. All that’s required is the ratio itself, such as “300:1.” “It’s very bizarre,” Georgiev tells CFO . That’s particularly so, he points out, for a couple of reasons...