Explaining firm willingness to forfeit tax deductions under Internal Revenue Code Section 162(m): the million-dollar cap

Article Abstract:

The Internal Revenue Code Section 162(m) restricts the corporate tax deduction related to executive compensation. The rule contemplates ceiling of $1 million in compensation for each of the top 5 executives of a company. A study examining the efficacy of this code is presented. It is observed that where the re-contracting value is higher, the company tends to forego the tax deductions. Similarly companies with higher tax benefits and political costs tend to use the tax deduction.

Tax Deductions & Exemptions, Analysis, Corporate taxes, Tax deductions, Corporations, Tax policy

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The role of peer performance in managerial compensation surrounding the 1996 Telecommunications Act

Article Abstract:

Relevance of peer performance for deciding executive compensation in the telecommunication industry, in context of the United States 1996 Telecommunications Act, is examined.

Communications, Broadcasting and Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Communications industry

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Governing private foundations using the tax law

Article Abstract:

Tax law for private charitable foundations in the process of managing them is discussed.

Taxation, Charitable foundations

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