TITLE

House Ways and Means Committee Chair Proposes Harsh Taxes on Synthetic Equity in SESOP Companies

PUB. DATE
October 2007
SOURCE
ESOP Report;Oct2007, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the Tax Reduction and Reform Act of 2007 proposal of the Ways and Means Committee of the U.S. Congress. It is discussed that the proposal impacts the capacity of an S Employee Stock Ownership/Option Plan (ESOP) corporation to compensate its employees with synthetic equity. The proposal is further described as part of a large tax proposal which primary focus is to eliminate the Alternative Minimum Tax system. It aims to raise taxes for upper income tax brackets, and lower taxes for middle class and lower income tax brackets.
ACCESSION #
31408734

 

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