5/19/2008: U.S. House of Representative Committee Again Approves Restrictions on Offshore Nonqualified Deferred Compensation (HR Policy Association)
Excerpt: "This week, the House Ways and Means Committee approved legislation extending corporate tax breaks for one year and paying for them by, among other things, imposing limits on offshore nonqualified deferred compensation. Although the provisions are aimed at hedge funds in low tax countries, the Energy and Tax Incentives Act of 2008 (H.R. 6049) would arguably treat stock appreciation rights, restricted stock units and other performance-based compensation as nonqualified deferred compensation under section 409A of the tax code"
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