G7: Rich nations back deal to tax multinationals

Re:G7: Rich nations back deal to tax multinationals by gambiting on Sunday June 06, 2021 @07:31AM (#27412395)

I'm not sure what you mean? At the point of acquisition if you are given shares worth say £10k, it's the same as being given £10k cash, or £10k gift of some sort - you pay income tax based on the value of what you were given. It's different if you were given options - then the difference between your purchase price and sale price is taxed as capital gains with separate rules.

And no, it's a British company .

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Re:G7: Rich nations back deal to tax multinationals by walshemj on Sunday June 06, 2021 @12:55PM (#27414425)

Insane then, why did they not set up a proper scheme https://www.gov.uk/tax-employee-share-schemes.

Bit of a red flag that the company is so badly run.

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Re:G7: Rich nations back deal to tax multinationals by gambiting on Sunday June 06, 2021 @04:20PM (#27415969)

Because while I work for a British company the shares are awarded by our French HQ, so unfortunately none of those share planes are available in this case. The company employs 50k+ people globally and only HQ awards shares.

Also I'm not sure how much tax this would actually save - you can only get £3600 worth of shares tax free per year on the employee incentive plan(which seems closest to what I'm getting, flat number of shares after 4 years). That's a very....low amount.

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