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