Kenneth A. Raskin
White & Case
Articles
International payroll donations after global disasters
USA - March 1 2010 Socially responsible multinationals have gotten good at mobilizing employee support after major disasters like the Haiti and Chile earthquakes, collecting and matching payroll-deducted donations.
IRS rules that awards made after first 90 days of performance period may qualify for 162(m) performance-based compensation exception
USA - February 22 2010 The Internal Revenue Service privately ruled recently that a delay in making awards under an incentive compensation plan until after the first 90 days of the performance period would not prevent compensation paid under the plan from qualifying for the performance-based compensation exception to the deduction limitations of Section 162(m) of the Internal Revenue Code (Private Letter Ruling 200949005 (Aug. 18, 2009)).
Correction program for documentary failures of nonqualified deferred compensation plans
USA - February 22 2010 The Treasury Department and the IRS have issued relief and guidance ("Notice 2010-6") on the correction of certain documentary failures of nonqualified deferred compensation plans.
Global pay and benefits discrimination compliance
Global - February 2 2010 Multinationals increasingly launch global compensation strategies and benefits offerings without accounting for compliance with local pay discrimination laws.
Additional DOL guidance to assist employers comply with Schedule C
USA - January 22 2010 In October 2009, the Department of Labor (DOL) released additional guidance on the reporting of fees and other compensation paid to service providers, as required by the new Schedule C of the Form 5500 annual report.
