Silicon Valley fumes over Senate GOP proposal to tax vested stock options

November 14, 2017

In the Senate Republicans' proposed Tax Cuts and Jobs Act, stock options given to company employees will be taxed when they vest, meaning when the employees earn the right to exercise the options.

Profits on the stocks can't be pocketed by employees until they fully exercise the options after a vesting period. The current law taxes only when the employees actually exercise their options.

By SEUNG LEE | | Bay Area News Group