Article: Major Companies Push IRS to Kill or Delay Proposal to Tax Stock-Option Plans.

By Sue Kirchhoff, The Boston Globe Knight Ridder/Tribune Business News

May 15--WASHINGTON -- Major corporations, including Marriott International and Texas Instruments Inc., yesterday pressed the Internal Revenue Service to kill or delay a plan to impose payroll taxes on incentive stock options and employee stock purchase plans, warning the change would be so costly that many firms would drop the popular benefits.

Corporate executives testifying at a special IRS hearing complained the plan would be a nightmare to administer and would unfairly penalize workers. They raised the specter of multiple lawsuits, questioning whether the government had ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!