Bulgaria – Key Highlights of Operating an Employee Equity Plan

Spotlight on Bulgaria – Key Highlights of Operating an Employee Equity Plan This spotlight gives an overview of the key issues to be considered when operating an employee equity plan in Bulgaria. We would like to thank our collaborating law firm in Bulgaria, Boteva & Kantutis Law Office, who have kindly contributed...

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Global Regulatory and Tax Update: March 2016

In this month’s update, important information about the Scotland, Ukraine, Turkey and the EU. Tax   United Kingdom   Scotland income tax rates On 16 December 2015 the Scottish Parliament announced that it had set the Scottish Rate of Income Tax (SRIT) with effect from 6 April 2016 at 10%. From...

FATCA Compliance – It’s Time for a Conversation

Most affected individuals, corporations and financial institutions (FIs) are well aware of FATCA (the Foreign Account Tax Compliance Act) and the fact that compliance with the legislation will be complex and difficult. What is less clear is exactly how those challenges can be identified, quantified and successfully resolved by the...

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Global Tax and Regulatory Update: May 2015

In this month’s update: Important reminders regarding the UK, Canada, the United States and Greece. This regular feature is prepared by Solium GSP, Solium’s  tax and regulatory consulting service. Tax   United Kingdom Changes in capital gains tax exemption rate and National Insurance upper earnings limit For the 2015/16 tax...

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Regulatory and Tax Update: April 2016

In this month’s update, important information about Ireland, Israel, Romania, South Africa, South Korea, the United Kingdom and China. Tax    Ireland   Foreign tax relief now available through the PAYE system Previously, employees in Ireland who are subject to deductions of both Irish and foreign tax have to make...

Go Dynamic! A Forfeiture Rate Comparison

By Michael Esposito, CEP When companies issue stock awards, they’re required to recognize the expense for each grant. In doing so, they must take into account the number of forfeitures they anticipate. This estimate is based on historical forfeiture activity analysis and is expected to change over time as continued...

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Global Tax and Regulatory Update: June 2015

In this month’s update: Important information regarding India, Japan, the US and Russia.  This regular feature is prepared by Solium GSP, Solium’s  tax and regulatory consulting service.   Tax    Belgium New forms for foreign account reporting Recent changes in practice mean that Belgian residents now have an annual obligation...

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Global Regulatory and Tax Update: May 2016

In this month’s update, important information about the Philippines, Hong Kong, Russia and Iran.   Regulatory   Philippines Changes to securities laws applicable to the operation of employee share purchase plans and options A number of changes have been introduced recently to the securities laws that apply to the operation...

FASB Clarifies Accounting Methods for Awards with Performance-Based Vesting

The US standard-setter splits from IASB concerning performance awards with far-away targets June 26, 2014 By Mike Esposito Until now, FASB gave some latitude concerning the expense calculation of performance awards whose metric might not be satisfied during the participant’s employment. It happens all the time, right? A performance vest...