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European nations told to sort out 'digital tax' on tech giants by end of year

Yet Another Anonymous coward Silver badge

>They give most of the profit to staff as bonuses. So, the bonus being quite high, the staff pay 40% income tax on it

Except they don't, the first 10K of gains is tax free and the rest is taxed as capital gains - that's why companies pay in stock options. There is also no NI paid on stock grants.

Here on the left pond, there is a lifetime $800K tax free for stock grant gains if your company jumps through the right hoops ;-)

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