|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[print version]
FEI Summary FEI’s Committee on Taxation submitted correspondence to House and Senate leaders expressing strong objections to a provision included in S. 349, the “Small Business and Work Opportunity Act of 2007.” The provision would amend the Internal Revenue Code to impose a dollar cap on the aggregate amount of compensation that may be deferred by any individual. The COT noted that the provision would likely create more confusion in the area of deferred compensation, and that the Tax Code was neither an appropriate nor effective means of regulating compensation levels.
The Senate is expected to vote on the legislation sometime during the week of January 28.
For further information, contact Mark Prysock, General Counsel, FEI, at mprysock@FinancialExecutives.org.
[print version]
|
|
|
|
|
|
|
|
|
|
|
|
|