SIA Submits Comments to the IRS on Proposals Relating to New Comparability Plans
Published on:
May 12, 2000
The Securities Industry Association (SIA)*providescomments to the Internal Revenue Service (IRS)on issues raised by “new comparability” plans, IRS Notice 2000-14. SIA strongly urges the IRS to proceed cautiously before considering any amendment to the nondiscrimination regulations. SIA also warns that absent compelling evidence of broad-based and actual abuse, no action should be taken.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.