Insights

Impact of New the New Tax Law Event Griffith Gerald Image

Impact of the New Tax Law on Nonprofit Hospitals and Health Systems – Part Three: Mergers, Acquisitions, Corporate Structure Considerations and Other Transactions

The final session of the three-part webinar series discussed how the Tax Cuts and Jobs Act affects the tax treatment of corporations and pass-through entities. Topics discussed:

  • Changes to corporate tax rates and NOLs and impact on corporate structures
  • Impact on choice of entity arising out of scope of excise taxes on top five highest paid employees
  • Financial Assistance Policy considerations due to repeal of individual mandate penalty
  • Qualified business income deduction for owners of certain flow-through entities
  • Changes to deduction of settlement payments under False Claims Act

Jones Day partner Gerry Griffith (Chicago/Detroit) and Amy Bibby, a Partner with DHG Healthcare in Asheville, North Carolina, led the presentation.

Key takeaways from the webinar:

  • Minimizing the number of exempt entities employing highly paid employees may reduce total excise tax on executive compensation
  • Higher UBIT and new excise taxes on high-end executive compensation could make taxable status more attractive than exemption
  • Repeal of the individual mandate penalty and changes in financial statement reporting will drive changes to financial assistance policies

Watch the full webinar.

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