【作者】 乔栋；

【导师】 於鼎丞；

【作者基本信息】 暨南大学 ， 财政学， 2006， 硕士

【摘要】 股票期权是一种新兴的薪酬方式，在发达国家的实践已经有较长的历史。近年来，中国也开始运用股票期权。尤其是最近的股权分置改革，更促使股票期权计划的大规模运用。然而实践中，中国股票期权还存在很多问题，存在很多不规范的地方，而且现在蕴藏的风险比较大。 美国税法中，有专门的条款对股票期权计划进行管理，干预力度较大。而中国税法中，至今只有两个通知，对股票期权收益如何征税进行了规定。我国尚未形成自己的股票期权税收政策，没有对股票期权计划进行规范和引导。 中国应当尽快制定出针对股票期权的税收政策。鉴于股票期权计划发展的现状，我国股票期权税收政策应引导股票期权适度发展，应当对股票期权进行分类管理，并给予有条件的税收优惠。应首先设立一个激励性股票期权模式，继而将股票期权分为激励性股票期权和非激励性股票期权。然后对两类不同股票期权，给予有条件的税收优惠，从而达到引导股票期权计划发展的目的。更多还原

【Abstract】 Executive (Employee) Stock option (ESO) is a new way of compensation to solve the so called Agent Problem. In many developed countries, ESO has already had a long history of application which proved to be very effective. In recent years, Chinese enterprises have begun to use ESO as a compensation method. However, many problems occured in China’s ESO practices. In the past several years, China accelerated the reform of state owned enterprises. And in this process, more and more ESOs have been applied but remarkable potential risks have emerged. In the US Internal Revenue Code (IRC), there are several sections to regulate the application of ESOs. The IRC classifies ESOs into ISOs and NSOs and implements different taxation policies respectively. China has issued two taxation notices to levy tax on the income of ESOs. However, those two notices haven’t formed a integrate taxation policy. And thus no effective regulatory power is imposed on ESO practices. China should form its own ESO taxation policy as soon as possible. According to the status quo of ESO practices in China, we suggest that China should classify ESOs and impose a relatively tight taxation policy. An incentive ESO should be established in taxation laws and thus ESOs are classified into Incentive and Non-incentive ones. Different taxation treatments are imposed on the two types of ESOs, and the aim to regulate the application of ESOs is realized.更多还原