Discuss the tax benefits, Cisco Systems, the networking

Discuss the tax benefits

Reference no: EM131490772

Question: Cisco Systems, the networking equipment firm, reported a tax benefit from the exercise of stock options of $53 7 million in its fiscal 2004 shareholders; equity statement. Over the previous years, the tax benefits had cut more than 25 percent off the firms tax bills. Commentators saw this tax relief as a major source of value for the shareholders. Is this correct?

Reference no: EM131490772

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