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Yes they do, well sort of... | 98 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Do employees pay taxes?
Authored by: tknarr on Monday, July 01 2013 @ 08:16 PM EDT

Simple: the employees don't pay taxes on them. The way it works, those awards typically don't vest immediately and don't count as income for the employees until they cash them out. Yes, that means those awards aren't actually money employees can spend. That's why they get used: the company can treat them like cash paid out without actually, you know, paying cash out. And yes it means they may be worthless, one trick is to set a strike price high enough that it costs more to cash out than you'd get from selling the stock. This kind of thing is why older (more cynical and jaded) tech employees shy away from stock- and option-heavy job offers.

[ Reply to This | Parent | # ]

Do employees pay taxes?
Authored by: cricketjeff on Monday, July 01 2013 @ 08:55 PM EDT
But were they UK employees? It doesn't say.

---
There is nothing in life that doesn't look better after a good cup of tea.

[ Reply to This | Parent | # ]

Yes they do, well sort of...
Authored by: complex_number on Tuesday, July 02 2013 @ 02:57 AM EDT
Employees pay Income Tax
Employees pay National Insurance

Apple pays the employers NI contribution
Apple pays the local business rates (which in the case of the Regent St store
will be a shed load of money)

All well and good.

Apple (like Google, MS, Adobe , Starbucks and a host of others) are using
existing laws to minimise their Corporate Tax liability in one country.

There are moves afoot to stop this practice. As a former owner of a small
business, my 'one man band' regularly paid more Corporation Tax than a company
the size of Apple did. That is clearly wrong and thankfully some Politicians are
now realising that this is not right and trying to do something about it.


---
Ubuntu & 'apt-get' are not the answer to Life, The Universe & Everything which
is of course, "42" or is it 1.618?

[ Reply to This | Parent | # ]

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