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Perfect example of what happens when academics think about business policy... This is a very bad idea.
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Why? More things should be a tax deduction, not less.
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BUSINESS ENTERTAINMENT SHOULD NOT BE ALLOWED. MANAGEMENT FOR HIGHER PRODUCTIVITY, EARNINGS, SAVINGS, INVESTMENTS. NOT FOR PERSONAL BUSINESS ENTERTAINMENT. USE SAVED FUNDS TO DISTRIBUTE FOR RAW MATERIAL SUPPLIER, EFFICIENT MANAGEMENT, EMPLOYEE INCENTIVE, PROFITS SHARE TO INVESTORS
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Very good!
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Why would a business expense that lowers net income not be a deduction?
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Because it would tank the service industry. Face it, a bunch of industries are propped up by the government. Farming has subsidies, NASA is a jobs program, defense buying supports a huge chunk of the employment chain.
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Well said, Andy. And yep, I too remember those "back in the day" offerings; why I've always worked at buyside firms with ethics codes.
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Blasphemy !!!!!
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thats a stupid idea
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Are Advertising/Marketing costs a valid Deduction?
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Yes, the way the law is written, all you have to to is discuss business, such h as screwing the American people, and the meal is deductible
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as well as supporting the underlying economy I am sure small restaurants and their supplies have a huge benefit
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Yes time for you to have drink on your own dime
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"But..but..I like that one!"
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