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GEOnews - 18 January 2013
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GEO Out & About
Say hello to our own Danyle Anderson and Pam Stetson at the Nordic chapter meeting next week. Both Danyle and Pam will be at the event on Thursday, and are looking forward to seeing you there! If your plans don't include Europe next week, consider a visit to the San Francisco chapter instead for their first meeting of the new year and meet our own Robyn Shutak. See "upcoming events" below for additional details about these and other upcoming GEO events.
Join Us for a GEO Webcast, 23 January - No Time for Hesitation - Getting a Jump on Global Equity Plan Compliance in 2013
Please join GEO and experts Valerie Diamond and June Anne Burke of Baker & McKenzie for our webcast "No Time for Hesitation - Getting a Jump on Global Equity Plan Compliance in 2013" on Wednesday, 23 January at 8:00 am PT/11:00 am ET/4:00 pm UK/5:00 pm Europe. Tune in to this timely webcast which will highlight recent and imminent changes impacting equity plans around the world, the implications for plan compliance and necessary steps to take now to address them. To register, please visit the GEO website.
Do you have an innovative equity plan or an award winning special process or procedure that you would like to showcase to your peers? If so, consider sharing it with us as part of our 2013 GEO Awards. We will be accepting submissions for GEO Awards from 11 February to 12 April 2013. Additional information on the submission process will be available soon.
NECF
GEO will begin accepting proposals for our National Equity Compensation Forum (NECF) on 4 February and will continue accepting them until 22 March 2013. Put your thinking caps on and plan to help GEO make this year's NECF agenda the strongest yet!
GEO Membership - Renew before 31 January!
Just a friendly reminder that there are only two weeks left to renew your GEO membership to ensure you have continued access to all of GEO's resources, including our robust line up of upcoming webcasts. Please contact michele.holly@globalequity.org if you have any questions about your membership renewal or visit the GEO website if you would like to become a member.
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CONFERENCES
12-14 June 2013
14th Annual International Conference -
Munich, Germany
MORE INFORMATION23-25 October 2013
2013 National Equity Compensation Forum (NECF)
Rancho Palos Verdes, CA
SAVE THE DATE
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CHAPTER MEETINGS
San Francisco, California
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24 January 2013
Nordic Chapter
Stockholm, Sweden
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31 January 2013
East Bay Chapter
Berkeley, California
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18 April 2013
N. California Forum
San Carlos, California
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Esops Can Help in Wealth Creation for Employees Source: Business Standard Employee Stock Option Plan (Esop) is an option given to employees to purchase the company's shares at a predetermined price. The origin of ESOPs can be traced back to the dot-com era when internet and technology companies started offering Esops to lure and retain the best talent. Today, most companies - be it banking, financial services, manufacturing, or FMCG offer Esops to motivate and retain key employees. MORE |
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Employee Share Options - EMI back to its best!
Source: Cambridge News "The Enterprise Management Incentive Scheme (EMI) allows qualifying companies to grant tax advantaged share options to employees. There is no income tax or NIC on grant, or exercise, provided that the exercise price is no lower than the market value of the shares at grant. MORE
Direct Line Ditches RBS Share Scheme
Source: WS&B Direct Line Group has confirmed it is withdrawing from the employee share scheme provided by parent company RBS Group and is creating an entirely new approved employee share ownership scheme. MORE
OTS Recommends Overhauling Unapproved Share Scheme Tax Rules
Source: WS&B The Office of Tax Simplification is recommending significant reform of the "tangle of complexity" involved in taxing and using unapproved employee share schemes. MORE
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Incentive Stock Options and Employee Contacts Stock Purchase Plans: Filing and Reporting Requirements
Source: Arnold Porter With the coming of the new year, the first of the deadlines is fast approaching for required statements that employers must provide to participants and the Internal Revenue Service (the IRS) with information about the exercise of incentive stock options (ISOs) and the transfer of shares acquired at a discount under employee stock purchase plans (ESPPs). MORE
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2013 French Finance Act Introduces Additional Significant Changes to Taxation of Qualified (and Non-Qualified) Awards in France
Source: Baker & McKenzie On December 30, 2012, the French Finance Act of 2013 (the "Act") was enacted into law after several provisions of the draft legislation were rejected by the French Constitutional Court. Most notably, the French Constitutional Court struck provisions (i) calling for taxation of French-qualified award income at combined rates up to 79.5%, and (ii) adding a 18% surtax on compensation for high income earners (raising the total tax burden to 75%). In addition, through some technical changes, the Court eliminated the minimum holding period requirement for French-qualified options. MORE
Recent Developments for the Third Quarter 2012 MORE
Source: Baker & McKenzie
Irish Revenue Provides Guidance on How RSU's Should be Treated for Irish Income Tax Purposes in Cross Border Situations
Source: Deloitte Last month, the Irish Revenue, for the first time issued guidance on how restricted stock units (RSUs) should be treated for Irish income tax purposes in cross border situations. MORE
Amendment to Taxation Rules for Transferable Employee Stock Options in Luxembourg
Source: Deloitte As part of various tax measures that entered into effect on January 1, 2013, an amendment has been made to the taxation rules for transferable employee stock options in Luxembourg. MORE
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