Categories:Employment

Tories' 'rights for shares' scheme blasted by employment lawyers

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  • An unworkable and risible policy idea dreamed up by the lord privy towel-folder.
    We are no longer a democracy though, that’s just been confirmed. Beecroft pays half a million to the Tories and his ridiculous, childlike views are put into policy despite being roundly discredited, whereas the views of millions of working people are ignored.
    How about growth and job creation, Gideon? Failed to mention either of those minor issues once didn’t you.

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  • What I don't understand is that people get 10K of tax free capital gains allowances anyway- I can't imagine SME's giving more than 10k of equity to many people. Plus the shares would be difficult to sell unless the company floats and that could be years after they were granted. This isn't the worlds worst idea in theory, I just can't see why people would do it in practice.

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  • could you please take this ugly man off The Lawyer front page. It is bad enough that we have to look at generic pics of bloody lawyers on here every day but Gideon is a step too far, insult to injury. Ta.

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  • Swop employment rights for the right to...participate in shareholder disputes.

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  • Speaking as a tax adviser, there are numerous flaws. Take this one: join a start-up or a small company (where shares aren't worth much usually). Awarded £50k of shares. That's a £10k / £20k / £22.5k income tax liability, depending on your marginal rate of tax (ignoring NIC), payable in cash, in exchange for a piece of paper that also means you give up the employment rights mentioned above. Ignoring share valuation issues. Ignoring the fact that employers can choose to make these type of employment / share arrangements mandatory.
    Yes, I can see this is going to be popular.

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