The following Share Incentives guidance note Produced in partnership with Solium Global Compliance provides comprehensive and up to date legal information covering:
Offering share plans internationally, understanding the different jurisdictional legal and tax implications and keeping up with any changes in the regulatory and tax landscape has always been a significant challenge for global companies.
The legal and tax ‘pillars’ of global compliance, securities laws, exchange controls, tax reporting and withholding are well documented and tracked by advisors and many global companies. However:
the increased demands of financial reporting
an increasingly mobile population, and
a proliferation of legislation designed around the new technological developments of the 21st century (protection of individual’s rights and privacy, accountability and individual reporting etc)
have changed the landscape of global share plan compliance.
In addition the financial crisis has led to changes in approach at a macro and micro level by the authorities governing legal and tax compliance. We now see:
an increased understanding of equity related issues from the regulatory authorities
an increased number of audits from tax authorities worldwide, and
increased legislation designed to promote individual accountability for responsible remuneration, equity awards and tax and asset declarations
This Practice Note will seek to examine the ways in which companies can equip themselves to deal with some of the challenges of a changing global landscape. For a more general introduction into the issues and challenges facing companies
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