US relief bill's 'straightforward' exec comp tweak has issues

Article 25 March 2021 Experience: Private client

A recent provision to the American Rescue Plan Act of 2021 caps the future deduction for executive compensation at $1 million for the 10 highest-paid employees of a publicly traded company, suggesting some companies with highly paid non-officers could fall victim. In an article published by Tax Notes, Withers’ Edward Renn provides further insight and speculations on the recent provision. The full article is available to read here.