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Can someone explain the reasoning here when taxes don't change till next year? Edit: I think my question was not clear -- this bonus will be given in 2017 -- A
by dangero 9y ago
Can someone explain the reasoning here when taxes don't change till next year?
Edit: I think my question was not clear -- this bonus will be given in 2017 -- AT&T is not getting any tax breaks this year, so why give a special bonus this calendar year? "If the President signs the bill before Christmas, employees will receive the bonus over the holidays." So during the 2017 tax year.
- awinder 9y agoProbably because AT&T has no problem fronting the cash that they'll make next year, but this lets them get a publicity bounce because it's very topical right now.
- protomyth 9y agoThey really cannot go back and change something for the previous year because of a whole host of issues. The simplest is people / businesses have already been paying this years taxes under this years rules quarterly. Its already going to be a mess for software developers to rush out changes to their payroll customers for a tax plan that goes into effect some 12 days after its passage.
- chrisBob 9y agoYou mean why they are putting it off for a whole week and a half!? I don't think anyone would get their taxes done on time if it applied retroactively to 2017, and having a different tax code for December 21-31 seems like a bad idea also. I think applying the change on January 1st is ambitious if anything.
- aggie 9y agoThe fact that the tax cuts are permanent and this is a one time bonus certainly makes it seem like a publicity stunt, possibly related to currying favor for the merger with Time Warner. That said, if you take their stated reason at face value, the tax cuts aren't directly providing the cash for the bonuses, so they can do it now based on projected savings later.
- zeep 9y agoThey are already screwing everybody over so they have the money... and they want to keep Trump.