Lobbyists for so-called unicorns have persuaded Republicans in the House to allow private company employees to wait up to five years before owing taxes on stock option gains — but the Senate plan forces everyone to pay as soon as share grants vest.
The 400-plus-page House draft bill released November 2 by the House included a provision, 409B, that triggered taxation whenever any payment or award became vested for all companies, public and private. READ MORE