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Employee Ownership Update for November 15, 2001
National Center for Employee Ownership [NCEO]
Nov. 15, 2001
NCEO executive director Corey Rosen discusses the IRS proposal on FICA and FUTA withholding on employee stock purchase plans (ESPPs) and incentive stock options (ISOs). Income tax withholding would not be required, but the IRS proposal would still impose a heavy burden on companies, and proposed legislation would block it. Also in this update: one large ESOP begins and another closes, and international standards for stock options.
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