Opposition to IASB Accounting Proposal, IRS Withholding Proposal Grows

The International Employee Stock Option Coalition, a coalition of 26 business groups and 51 companies, has been formed to oppose a proposal from the International Accounting Standards Board (IASB) to require companies to account for the value of options at grant. The group includes most of the major U.S. business organizations and many large companies, especially in the technology sector.

Meanwhile, the Tax Executives Institute has urged the IRS not to impose withholding requirements in disqualifying dispositions of incentive stock options or stock purchased under an employee stock purchase plan.