Thursday, December 30, 2004
Michael Doran (Urban Institute) has posted Executive Compensation Reform and the Limits of Tax Policy on the Tax Policy Center web site. Here is the Abstract:
The American Jobs Creation Act of 2004 includes a major attempt to reform the tax rules for deferred compensation arrangements covering corporate managers. This paper examines the tax policy and corporate-governance policy objectives of the reform effort, explores the shortcomings of the legislation, and suggests a different approach for future executive compensation reform.