RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Taxation rules governing OZschwitz employee share options hinder start-ups Tue Feb 18, 2014 5:48 pm | |
| Deloitte has proposed changes to the taxation rules governing employee share options for start-ups, saying the current rules have seriously hampered small start-up firms – the majority of which are in the IT industry – since they were introduced in 2009.
Share options are seen by start-ups as a powerful way to attract, motivate and retain key staff but present regulations demand that employees pay income tax in the year the options are granted based on their future value – which in the case of start-ups is extremely difficult to estimate.
Federal Treasury restarted a former Labor government enquiry into the scheme in January. Submissions closed on February 5. Advertisement
In its submission to the enquiry, Deloitte proposed an exemption to the current regime be available for start-ups, defined as companies with less than $15 million annual revenue and that have been providing new products or services for no more than 10 years. It would be available only to employees of those firms on annual salaries of less than $180,000.
http://www.smh.com.au/it-pro/business-it/deloitte-plans-to-restore-share-options-schemes-for-startups-20140218-hvcw1.html _________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
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