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2022-01-02 18:57:18 +00:00
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commit fbc5d98df5

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