Executive Compensation Reform and the Limits of Tax Policy
Discussion Paper No. 18
24 Pages Posted: 10 Jun 2009
Date Written: November 23, 2004
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 outlines a different approach for future executive compensation reform.
Keywords: tax, executive compensation
JEL Classification: H2, H24, H25
Suggested Citation: Suggested Citation