Tax reducation to stem brain drain being considered

Ottawa - The federal government is looking at several proposals to improve tax treatments of employee stock options following months of complaints from business. John Roth, head of Nortel Networks Corp., has been outspoken on the brain drain, blaming it in no small part on the government's taxation of employee stock options. Recently, 29 employees at Nortel, located in Brampton, Ont., sold stock worth more than $56 million as the companies shares soared to record highs. The group turned a profit of about $35 million.