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Silicon Valley blasts move to tax startup options

Senate Republicans have proposed taxing stock options as they vest and before startup employees have the opportunity to cash them in, resulting in huge annual tax bills

San Francisco

A PROPOSAL by the US Senate to change the way that shares in startup companies are taxed incited panic and dread in Silicon Valley on Monday, with startup founders and investors warning of nothing less than the demise of their industry should the proposal become law.


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