TITLE

Businesses decry proposed tax on flex benefits

AUTHOR(S)
Carlson, Leah
PUB. DATE
May 2005
SOURCE
Employee Benefit News;5/1/2005, Vol. 19 Issue 6, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the efforts of employer groups in lobbying against a proposal by the Joint Committee on Taxation to levy a federal tax on employee benefits that are offered through cafeteria plans in the U.S., as of May 2005. Role of the proposal in making the flexible benefits subject to Federal Insurance Contributions Act taxes; Reasons behind the opposition expressed by employer groups; Potential consequences of the proposal for employees.
ACCESSION #
16945600

 

Related Articles

  • Tax-efficient benefits. Patterson, Jennifer // Employee Benefits;Mar2011, Special section p17 

    The article presents findings of a survey on the effect of changes in government tax on employee benefits on employers in Great Britain. It mentions that the changes issued by the government to tax relief or clarification on how flexible and salary sacrifice scheme have led to concern among...

  • Editor's Page. Rejda, George E. // Benefits Quarterly;1988 Third Quarter, Vol. 4 Issue 3, preceding. p1 

    This article introduces topics featured in the September 1988 issue of "Benefits Quarterly." The complexities of recent federal legislation continue to confuse employee benefit specialists. In this issue, several articles are designed to shed light on the interpretation of these complex laws. In...

  • Corporate Tax Bill Changes Rules for Non-Qualified Deferred Compensation Arrangements. Goldstein, Jeremy L.; Krueger, Karen G. // Venulex Legal Summaries;2004 Q4, p1 

    The article focuses on the changes made in the nonqualified deferred compensation rules in the American Jobs Creation Act (AJCA) passed by the U.S. Congress. The AJCA applies to wide variety of non-qualified deferred compensation arrangements, stock appreciation rights and stock options. It...

  • TAX & LEGISLATION NEWS: In brief.  // Employee Benefits;Apr2007, p16 

    The article presents newsbriefs on topics related to employee benefit tax and legislation issues in Great Britain. Legislations affecting human resources include the Work and Families Act 2006, Health Act 2006 and Occupational and Personal Pension Schemes. In addition, the Corporate Manslaughter...

  • GIVE WORKERS MORE SAY IN BENEFITS PLANNING.  // Management Review;Aug85, Vol. 74 Issue 8, p8 

    Focuses on views of James G. Waters of the Towers Perrin Forster and Crosby, on the plan of the United States Congress to tax employee benefits. Advantages of flexible benefit arrangements; Employers' use of the flexible plan to prevent the increasing demand for benefits; Benefits that can be...

  • Support for HSA changes swells.  // Employee Benefit News;Feb2006, Vol. 20 Issue 2, p3 

    The article reports on the support for changes to laws governing health savings accounts (HSA) in the U.S. The American Bankers Association and the American Bankers Insurance Association created the HSA Council. Several groups seek to coordinate usage of HAS with health reimbursement...

  • Aegon urging the Treasury to extend its advice benefit.  // Money Marketing;4/1/2004, p16 

    Reports on the call made by Aegon UK PLC for the government to make independent financial advice a non-taxable benefit in Great Britain. Purpose of the proposal; Response of the Treasury to the call; Prevalence of employers not offering independent financial advice as an employee benefit.

  • Bush signs measure to assist reservists called to duty. Geisel, Jerry // Business Insurance;6/23/2008, Vol. 42 Issue 25, p4 

    The article reports that the legislation Heroes Earnings Assistance and Relief Tax Act of 2008 has been signed into law by U.S. President George W. Bush in June 2008. Under the law, employees no longer have to forfeit unused balances in their health care flexible spending accounts (FSA) when...

  • Flex plans may benefit from rollover provsion. Adams, Brent // Indianapolis Business Journal;5/31/2004, Vol. 25 Issue 12, p19 

    Reports on the U.S. House of Representative's approval of a bill that would eliminate the "use it or lose it" provision to entice more employees to take advantage of flexible spending plans. Tendency of employees to stay away from their company's flexible spending arrangement plans because they...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics