借鉴国际经验完善我国股票期权税收政策（International experience to perfect our tax policy of stock option）.doc

借鉴国际经验完善我国股票期权税收政策（International experience to perfect our tax policy of stock option） Drawing lessons from international experience and perfecting tax policy of stock option in China Improving Chinas stock option tax policy 2008-12-20 15:15:20 by drawing on international experience Abstract: with Chinas entry into WTO, the pace of Chinas integration into the global economic integration will be accelerated. Therefore, the stock option system widely adopted in western countries will be accepted and implemented by more and more Chinese enterprises. But from a core policy of the stock option -- the tax policy point of view, Chinas current tax policy of stock option is not perfect, greatly reduce the incentive effect of stock option system should be. Therefore, it is an inevitable trend to draw lessons from international experience and standardize and perfect Chinas stock option tax policy as soon as possible. Keywords: stock option; incentive stock option; non legal stock option; personal income tax; enterprise income tax First, the experience of foreign stock option tax policy The so-called stock option, refers to the stock as a subject of the contract, the company granted its employees after a certain period of time can buy a certain number of shares at a fixed price rights. Generally speaking, the implementation of the stock option system includes four key links: gift (Grant), grant (VEST), exercise (exercise) and sale (sale). The system first began in the late 1970s in the United states. After that, it is a can effectively reduce the agency cost and improve the performance of the company and the integration of human resources incentive tools in western countries headed by the United States spread swiftly, and get a great success. According to statistics, about 50% of the companies in the United States and more than 90% of the large listed companies have implemented the stock option plan. At present, most countries in the world, such as Japan, Europe and other count