Companies are giving up or reining in beloved perks such as season sports tickets because of new limits on tax deductions for many kinds of business entertaininment. Companies are giving up or reining in beloved perks such as season sports tickets because of new limits on tax deductions for many kinds of business entertaininment. A tax-audit defense firm is giving up its season tickets to Sacramento Kings basketball games. A Higher Cost of Picking Up the Tab The new tax law reduced or eliminated de- ductions for meals, entertainment and certain employee benefits. Business owners also are cutting back on drinks and dining.

Source: Wall Street Journal May 17, 2018 12:00 UTC