Re: How it works:-
Sorry, you're incorrect.
We pay full income tax, employees National insurance AND employers national insurance on our vesting shares. (We have to sign a waiver when we start)
E.g. If I have 10 shares vest, I only actually get 4 (plus some cash change) because 51% goes to the tax man.
Trust me, the employees are most certainly not getting off lightly... We're rather getting thoroughly screwed by the HMRC.
AC for obvious reasons.
Biting the hand that feeds IT
