22 Feb 2010
Trying to duck the 50% tax rate could hit businesses later on in the business cycle.
Accelerating cash payments before the new tax comes into effect could prove problematic if staff then underperform or leave unexpectedly.
Restructuring share awards was one alternative, as they can be forfeited in certain circumstances. Other are deferring bonuses altogether in the hope that the tax rate will fall, reported the FT.
Further reading:
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
Visitor comments Add your comment