Offshore Deferred Compensation Reform Act of 2007

Summary

Offshore Deferred Compensation Reform Act of 2007 - Amends the Internal Revenue Code to require the inclusion in gross income for income tax purposes of employee compensation deferred under a nonqualified deferred compensation plan of a nonqualified foreign corporation when there is no substantial risk of forfeiture of the rights to such compensation. Defines "nonqualified foreign corporation" as any foreign corporation unless substantially all of its income is: (1) effectively connected with a trade or business in the United States; or (2) subject to an income tax imposed by a foreign country that has a comprehensive tax treaty with the United States.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 October 2007

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 October 2007

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• Introduced in Senate

  summary · EN · 18 October 2007

  Open at official source

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