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Technology Stocks : Newbridge Networks

NN 16.70

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To: Frodo who wrote (16487)	1/12/2000 1:28:00 PM
From: zbyslaw owczarczyk	of 18016

Canada to Ease Employee Taxes on Stock Options, Paper Says Ottawa, Jan. 12 (Bloomberg) -- Canada's Finance Minister Paul Martin is set to ease taxation of employee stock options when he announces a new budget, probably next month, the Globe and Mail reported, citing senior government sources. Technology companies, such as Nortel Networks Corp. and Newbridge Networks Corp., pressed the government to reduce the tax on options because they help to keep skilled employees from moving to the U.S., the paper said. Martin is expected to defer any taxation until options are exercised, the newspaper said. Last month, the Commons finance committee said Martin should include a five-year plan for broad-based tax cuts and for lowering the debt-to-gross domestic product ratio.

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