TITLE

Proposed rule jeopardizes ESOPs at foreign-owned firms

AUTHOR(S)
Anderson, Tom
PUB. DATE
November 2005
SOURCE
Employee Benefit News;11/1/2005, Vol. 19 Issue 14, p54
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the implications of the proposed U.S. Treasury Department rule prohibiting foreign-owned firms' U.S. subsidiaries from claiming tax deductions for dividends paid to U.S. employees who purchase shares under an employee stock ownership plan (ESOP). Disadvantages of the proposal; Possible conversion of the ESOP of multinational companies into company stock funds in their retirement funds; Reason of the companies for offering ESOP.
ACCESSION #
18746563

 

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