Fix typo
This commit is contained in:
@@ -93,10 +93,11 @@ company - salary in no way reflects the value added by labour - but the truth
|
||||
is simpler, and sadder.
|
||||
|
||||
I joined early on, and got more share options than people who joined later. The
|
||||
price of the shares has been doubling or tripling every ear, as has the number
|
||||
of employees, but I get a greater share of the total than those who came later.
|
||||
It follows that my wins come at their expense - they work, hundreds of them, to
|
||||
increase the company's value, and I get a cut of that.
|
||||
price of the shares has been doubling or tripling every year, as has the number
|
||||
of employees, but I get a greater share of the total than those who came later,
|
||||
since I quite literally own a greater share of the company. It follows that my
|
||||
wins come at their expense - they work, hundreds of them, to increase the
|
||||
company's value, and I get a cut of that.
|
||||
|
||||
Bleurgh.
|
||||
|
||||
@@ -110,9 +111,9 @@ further appreciation is taxed at disposal time through capital gains tax - at a
|
||||
much lower rate, sometimes as low as 10%.
|
||||
|
||||
The Bytemark scheme was very carefully worded to exclude any possibility of
|
||||
paying income tax rates, and most of the provisions I disliked in it came from
|
||||
that choice - it was made to fit the mould of an Enterprise Management Incentive
|
||||
scheme, which would attract CGT instead of income tax.
|
||||
paying income tax rates, instead targeting special CGT treatment, and most of
|
||||
the provisions I disliked in it came from that choice - it was made to fit the
|
||||
mould of an Enterprise Management Incentive scheme.
|
||||
|
||||
=> https://www.gov.uk/tax-employee-share-schemes/enterprise-management-incentives-emis EMI
|
||||
|
||||
|
Reference in New Issue
Block a user