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[print version]
FEI's Committee on Taxation Reiterates Opposition to Executive Compensation Tax
FEI Summary
FEI's Committee on Taxation (COT) has submitted correspondence to the chairs and ranking members of the Congressional tax-writing committees urging them to resist two revenue-raising tax provisions on executive compensation.
The first proposal would amend Code section 409A to impose a dollar cap on the aggregate annual amount of compensation that may be deferred by any individual. The second proposal would amend Code section 162(m) to expand the scope for the $1 million cap on deductible compensation paid to certain key executives.
The COT letter outlines the committees concerns with the proposals. Those concerns include the unintended impact on middle managers; the compliance problems for both employees and employers; and the negative impact on corporate governance.
[print version]
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