Monday, May 01, 2006

CNET: The politics of tech's tax breaks

Professor Richard Sansing via CNET News.com about the accounting practice by some companies to claim stock option tax benefits as a result of employees exercising stock options awarded to them as compensation.
Accounting experts say this is entirely appropriate. "There is nothing remotely questionable...regarding either the legality or ethical propriety of deducting stock option exercises," said Richard Sansing, an accounting professor at Dartmouth College's Tuck School of Business.
Source: CNET News.com by Declan McCullagh & Anne Broache May 1, 2006

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