Atlanta Braves face US$19mil tax-hike battle

Top earners: Olson waits for a pitch prior to hitting a two-run homer against the Minnesota Twins at Truist Park in Atlanta, Georgia. The tax rule will affect the top-paid players like the Braves’ Olson in the Major Baseball League. — AFP

NEW YORK: The Atlanta Braves, the country’s only publicly traded Major League Baseball (MBL) team, is facing off against the US tax code in a lonely battle that threatens to cost the franchise millions.

A little-known tax rule soon to go into effect will restrict public entities from deducting the salaries paid to their highest compensated employees.