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Tax Bill Makes Major Changes To Deferred Compensation Rules

In early October, Congress passed the American Jobs Creation Act of 2004 (Bill). President Bush is expected to sign it shortly. The Bill includes a number of tax breaks and is primarily directed toward ending export subsidies that were declared illegal in 2002 and that caused the European Union to impose tariffs on certain imports from the U.S. <br/>In addition, the Bill includes provisions affecting deferred compensation that have been described as a "sea change" by senior government officials.

22 minute read November 01, 2004 at 10:42 AM
By
Michael J. Collins And Amber T. Busuttil
Tax Bill Makes Major Changes To Deferred Compensation Rules

In early October, Congress passed the American Jobs Creation Act of 2004 (Bill). President Bush is expected to sign it shortly.

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