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주식매수선택권의 조세측면에서의 검토 : Review on Taxation of Stock Options

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Authors
전규안
Issue Date
2002-09
Publisher
서울대학교 경영연구소
Citation
경영논집, Vol.36 No.2/3, pp. 611-632
Abstract
Stock option is introduced in 1997, in Korea and its expected that exercise of stock options

is increased sooner or later. So, this paper compared tax treatments of stock options in U.S.

and in Korea with Scholes and Wolfson(1992) paradigm.

For tax purposes, the two types of options are NQO(Nonqualified stock option) and

ISO(Incentive Stock Option). On an average level, the relative use of ISO and NQO has

changed over time consistent with changes in the tax laws favoring one or the other option

type. This paper reviewed the taxation of ISO and NQO.

In Korea, the exercise income is taxed at exercise date although after exercise, stock price

falls below exercise price. The exercise income is not other income but wage and salary

income (class B).

This study proposed on tax treatments of stock options. Therefore, This study is expected

that it will contribute to future tax reforms in Korea and empirical researches on stock

options.
ISSN
1229-0491
Language
Korean
URI
https://hdl.handle.net/10371/44405
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College of Business Administration/Business School (경영대학/대학원)Institute of Management Research (경영연구소)경영논집경영논집 vol.36 (2002)
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