Companies Swallow $2.1 Billion in Taxes as Executive Pay Climbs
Companies are racking up hundreds of millions of dollars in income taxes on pay for top executives, a growing bill that in some cases makes up a sizable chunk of their annual tax expense.
Tesla Inc.
booked $447 million in taxes on executive pay over three years. Pay for officers generated nearly 20% of all tax costs booked by defense contractor
Howmet Aerospace Inc.
in the same period. At cosmetics retailer
Ulta Beauty Inc.,…