On 15 October 2009, the Taxation Institute made a submission to the Board of Taxation in relation to the Board's request for submissions regarding the taxation of employee share schemes. The Taxation Institute's comments focus on:
- how best to determine the market value of employee share scheme securities; and
- whether shares and rights under an employee share scheme that are provided by start-up, research and development and speculative-type companies should be subject to separate tax deferral arrangements outside of those proposed by the Policy Statement.
For a copy of the submission, go here