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South Africa Tightens Share Anti-Avoidance Provisions 3/19/2012 Within the recently-issued Taxation Laws Amendment Bill, which legislates for
the measures introduced in South Africa’s 2012-13 Budget, it has been disclosed
that technical corrections have been made to the third-party-backed preference
share anti-avoidance provisions.
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Tax Simplification Body Reviews UK Share Schemes 3/14/2012 The Office of Tax Simplification has put forward its recommendations on UK tax advantaged share schemes, designed to encourage take up, and reduce the burdens on those offering the schemes.
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Britons Will Overpay GBP12.6bn In Tax This Year 3/12/2012 UK taxpayers will overpay an average of GBP421 in tax this year, with 85% failing to act on reducing their tax bill, according to new figures.
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UK To Overhaul Executive Remuneration 1/31/2012 UK shareholders will be given more powers to block excessive pay proposals and payments for failure under new proposals from the Business Secretary, Vince Cable.
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UK Announces Tax Simplification Projects 7/13/2011 The government has confirmed that the UK's Office of Tax Simplification is to review pensioner taxation and employee share schemes in two new projects, as part of its ongoing work to offer advice on options to improve and simplify the tax system.
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ATO Warns About Employer Loan Repayments 7/1/2011 The Australian Tax Office has issued a taxpayer alert warning people to be cautious when entering into arrangements where an employer repays a loan made to an employee by an employee share trust.
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UK To Simplify Pension and Share Schemes Taxes 6/30/2011 The UK's Office of Tax Simplification is to turn its attention to the issues involved with pensioners’ taxation and share schemes, as part of its ongoing work to identify parts of the tax system that are particularly complex.
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Switzerland Unveils Share Scheme Tax Rules 6/20/2011 Switzerland’s law pertaining to the taxation of employee participation is
due to enter into force in the Confederation on January 1, 2013.
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UK's Disguised Remuneration Laws 'Too Complex' 5/18/2011 The UK's introduction of new changes to its disguised remuneration regime has been slated as far too complex, and criticized for involving penal legislation that risks creating problems as well as solving them, according to the Chartered Institute of Taxation's response to the proposals.
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Ireland Details Changes To Share-Based Remuneration 3/31/2011 The Irish Revenue has released detailed clarification of changes to share-based remuneration made in the Budget and Finance Act 2011, focusing on the charging of certain gains made by employees to universal social charge and pay-related social insurance, and on the impact on employers who are to be responsible for deduction and payment of most of the relevant charges.
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Share Trading Dip Hits UK Tax Revenues 8/17/2010 A dramatic decline in share trading volumes on the London Stock Exchange means that the UK government is collecting far less in share trading tax at a time when it needs all the additional revenue it can get.
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Experts Question UK NIC 'Rollback' 5/31/2010 Reports suggesting that the 1% rise in employer's national insurance
contributions will be abolished are not entirely accurate
because the new government is merely planning to raise the threshold at
which the rate increase kicks in.
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Switzerland Tackles Excessive Compensation 4/30/2010 Switzerland’s Federal Council has announced
tax measures against excessive salaries in banks and insurance companies, which
it believes to be objectionable, particularly in the case of loss-making companies.
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Australia Releases Employee Share Schemes Tax Review 4/27/2010 Australia’s Assistant Treasurer, Nick Sherry, has released the Board of
Taxation's review into elements of the taxation of employee share scheme arrangements.
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HMRC Assesses VC Schemes 4/6/2010 The UK government has produced an evaluation of its Venture Capital Schemes to ensure they comply with the European State Aid Risk Capital guidelines and fundamental European Union treaty freedoms.
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