Cisco's taxes

Doug Henwood dhenwood at panix.com
Tue Oct 10 16:50:49 PDT 2000


Michael Perelman wrote:


>While the tax implications might be neutral, what impact would options have
>on estimates of the rate of profit? Doug, maybe you, posted something
>about Microsoft's overstated profits due to stock options a long time ago.
>Would this effect be large enough to show up in the aggregate data?

Could be - some of these are major profit generators. Since they've been stock market leaders, too, the financial effect could be greater than the NIPA effect.

Doug



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