Bloomberg

Tillerson’s Exxon-Ethics Plan Has a $72 Million Tax Advantage

Written by Angela

The exit package Exxon Mobil Corp. has agreed to pay Rex Tillerson if he’s confirmed as secretary of state is structured to preserve roughly $180 million in deferred compensation for him — and might let him avoid an immediate federal income tax bill of as much as $72 million, according to tax specialists who have reviewed the plan.

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