On the valuation of a change in tax system for employee stock options

Journal
Jennergren, L.P.
Sweden
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2000 (Volume 2), No. 1
FormatPDF
EUR
40
| USD
45
(VAT excl.)

This paper considers a recent tax system change for employee stock options in Sweden. The research question concerns valuation: How can one judge whether the recent change results in lower or higher tax revenue to the tax authorities?