From fbc5d98df59499618166101416befafb60b134b7 Mon Sep 17 00:00:00 2001 From: Nick Thomas Date: Sun, 2 Jan 2022 18:57:18 +0000 Subject: [PATCH] Fix typo --- src/blog/2022-01-02-pig-dog-05.gmi | 15 ++++++++------- 1 file changed, 8 insertions(+), 7 deletions(-) diff --git a/src/blog/2022-01-02-pig-dog-05.gmi b/src/blog/2022-01-02-pig-dog-05.gmi index 48e94d8..126c7d3 100644 --- a/src/blog/2022-01-02-pig-dog-05.gmi +++ b/src/blog/2022-01-02-pig-dog-05.gmi @@ -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