Backdating checks business irs
The course looks at:ver the past few years, the insurance industry has been forced to confront numerous charges and concerns related to ethical standards and practices within its ranks.Few would argue that some consumers do not view the insurance industry in a positive light.When enough of these charges are heard, the regulators step in with new or revised requirements that are intended to reinforce ethical business practices.
With the continued increase in executive compensation and resultant increase in pay disparity between those executives and the average worker, this issue is once again coming to the forefront of the public policy debate.
In contrast to much of the debate today on the need of the federal government to raise tax revenue, the primary goal of Section 162(m), which limited tax deductions for executive compensation, was not to raise revenue but to reduce excessive, non-performance-based compensation—in other words, to do something about excessive compensation that 1992 presidential candidate William Jefferson Clinton campaigned against.
This paper will review the effectiveness of that provision in achieving its goals, and provide information on how much revenue it has raised or lost due to deductions for executive compensation. Companies have found it easy to get around the law. And it seems to have encouraged the options industry.
For example, enter "giraffe" and you'll get back words like "gazellephant" and "gorilldebeest".
Enter "south america" and "chess" and you'll get back words like "checkuador".