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.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.