Bye-bye box seats? Tax law may curb corporate cash at games

 

March 18, 2018



WASHINGTON (AP) — Could the crackdown on tax loopholes clamp down on corporate schmoozing?

The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be felt in the pricey boxes at sports stadiums, or even at Double-A baseball games in small towns with loyal company backers. In Washington, lobbyists who helped craft the Republican tax legislation could now be pinched by it.

U.S. companies spend hundreds of millions annually on entertaining customers and clients at sporting events, tournaments and arts venues, an expense that until this...



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