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Greg Grogan Quoted in Axios on Effect of Senate Tax Plan on Startup Employee Compensation
11.13.17
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Executive Compensation and Employee Benefits Partner Greg Grogan was quoted in Axios on the potential impact on startup employee compensation of the Senate GOP’s proposal to tax stock options and restricted stock units at vesting. “This is equivalent to the government taxing a lottery ticket because the first two ping pong balls match your ticket. Employees will owe taxes on ‘potential’ value on the vesting date of their options before they know whether the option will ever really be worth anything and before there is any cash available to pay taxes,” Greg says.
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