Key employee insurance for employers is nothing new - can’t they find something else to complain about?? I know...it’s Walmart!
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This isn’t key man coverage ,, I have no problem with that ,,, this is an illegal tax dodge ... they know statistically how many employees are going to die in a year , they know what their corp tax rate is ... they buy policies on everyone , stockboys , cashiers and such at a cost of lets say $500,000,000 and collect $480,000,000 in death benefits ,, this reduces their taxable profits by half a billion and costs them only $20,000,000 ...
They don’t have to net the expenses with proceeds? I’m calling B.S.