The long arm of US tax law
What does a US tax law which is meant to thwart tax avoidance by highly-paid US executives have to do with UK businesses? Quite a lot, if those businesses have any operations in the US or employ or contract with US citizens anywhere in their organisations, and if the law is as broad in application as section 409A of the US internal revenue code. The time is growing short for those businesses to resolve the issues section 409A creates and, if they do not act, they will expose personnel that are subject to US tax to a risk of severe financial penalties.
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