PLANSPONSOR.com reports, a provision in President Obama’s Fiscal Year 2014 budget that pertains to employee stock ownership plans (ESOPs) could result in a disincentive for offering the plans. The provision would eliminate Internal Revenue Code section 404(k), an incentive for ESOP creation and operation that permits a C corporation to deduct the value of dividends paid […]
Tag Archives | IRS
Taxes
James McRitchie, 10/04/2010 ,
Oupa Magashula, Commissioner with the South African Revenue Service commissioner attended a recent meeting of the Organization for Economic Co-operation and Development’s (OECD’s) Forum on Tax Administration in Istanbul recently. I found his Op-Ed, Good corporate governance includes moral view of tax (Business Report, 9/27/2010) to be interesting. Here’s a sample, In the past 18 […]