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Why Washington’s tax plans for executive compensation are misguided

“The House bill retains the proposal to limit the corporate deductibility of performance-based compensation, though the House recently dropped its proposal to tax deferred compensation” writes Robert C for marketwatch.com. The employees recognize taxable income in the year when they actually receive this deferred compensation, and the company’s deduction for this deferred compensation is postponed until the same year.Performance-based compensation is strongly supported by institutional shareholders, who vote each year on advisory resolutions about the total compensation package provided by public companies.Yet I doubt that most public corporations will substantially…

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The startup community is seriously sweating a stock option provision of the Senate tax bill

“The provision would tax stock options and restricted stock units at the time of vesting rather than when they are exercised, as is the case now” writes Monica Nickelsburg for geekwire.com. However, a provision in the proposed Senate tax plan would tax upon vesting, whether you can liquefy or not.Experts tell GeekWire that the Senate tax bill, as it is currently proposed, would force many startups to dramatically reconsider their compensation structure.It would be more fair to tax homeowners when their Zillow’s value went up than taxing startup employees on…

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Vodafone upgrades its growth forecast for the first time in ‘recent history’

“The European ban on roaming fees had less of an impact that the company feared and service revenues across the continent were stronger than expected” writes Matthew Lynn for telegraph.co.uk. Vodafone upgraded its financial forecasts after it reported better than expected performance in the first half of the year, assisted by a £100m compensation cheque from BT’s network business Openreach.The company received a £100m settlement from Openreach after Ofcom found it had avoided paying compensation for installation delays.That compares with its earlier forecast of 8pc growth to a maximum of €14.5bn. Source:…

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Senate plans disastrous tax on vesting that could kill stock compensation

“The proposed tax could prevent wide swaths of tech employees from accepting stock options and RSUs” writes Josh Constine for techcrunch.com. The U.S. Senate released its proposed tax reform bill late last week under the aggrandized “Tax Cuts and Jobs Act.” It includes a tax on stock options and Restricted Stock Units (RSUs) that applies as they vest, rather than using the existing scheme that taxes stock options when they’re exercised or when the underlying shares are released for RSUs. And if the vesting tax becomes law, it could wreak havoc…

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Jerry Jones: Objection to Goodell deal not about Elliott ban

“Jones said he disagrees with Blank’s assertion that the compensation committee can complete the deal without another vote of all owners” writes Ap Pro Football for yahoo.com. He suggested he was at odds with the compensation committee chairman, Atlanta Falcons owner Arthur Blank.Jones said on his radio show Friday he wants all 32 owners to have a chance to approve the deal being negotiated between Goodell and the compensation committee that includes six owners.The NFL has said owners already voted unanimously to extend Goodell’s contract and authorize the committee to…

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Broadband providers must automatically compensate customer, Ofcom says

“Broadband and landline users will be able to get money back from their providers when things go wrong without having to make a claim, under new rules laid out by communications watchdog Ofcom” writes Josie Cox for independent.co.uk. The regulator on Friday said that automatic compensation will be handed out for slow repairs, missed appointments and delayed installations.Ofcom said that at present, compensation is paid out in around one in seven, or 15 per cent, of cases, and then only in small amounts. Source: independent.co.uk Share This:

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UK Watchdog Proposes Compensation Plan For Victims Of Push Payment Fraud

“The U.K. Payments System Regulator (PSR) is taking steps to address the 100 payment scams hitting consumers and businesses every day” reports pymnts.com. According to the watchdog, individuals lose an average of nearly $4,000, while businesses hit by the scam lose seven-fold, an average of more than $28,000 per scam.Reimbursement would also only be available after a review found the victim could not have “reasonably” prevented the fraudulent payment, which will also likely be difficult to define.Analysts noted an estimated 19,000 push payment scams were carried out in the first…

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Scam victims who ‘fail to take ‘reasonable care’ will not get a penny of compensation

“Scam victims who fail to take “reasonable care” to protect themselves against criminals will not get their money back under a formal compensation scheme being designed by watchdogs” writes Katie Morley for telegraph.co.uk. From next year, an anti-fraud revolution will see consumers who have been conned into transferring money to fraudsters reimbursed by their bank – but only if they can prove that they did not act recklessly.Victims who have lost life-changing amounts could be denied a single penny of compensation if they did not conduct “common sense” checks, such…

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Child sex abuse victim receives apology after being refused compensation because he ‘consented’

“A victim of child sex abuse denied compensation by a Government agency because it said he “consented” has now received an apology” writes Olivia Rudgard for telegraph.co.uk. In July five charities criticised the Government agency for denying compensation to child sex abuse victims who they said had consented.His family’s appeal for compensation was rejected and an appeal was due to be heard later this month.But the agency used different guidelines, allowing it to argue that some victims had consented in fact and were therefore not victims of crime. Source: telegraph.co.uk Share…

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Compensation for customers of failed investment firms to rise from £50,000 to £85,000

“It will apply to claims made against failed investment firms, advisers, mortgage brokers and debt management firms” writes Alec Ryrie for telegraph.co.uk. So £100,00 spread equally across two investment firms is completely protected under current rules.Compensation for deposits was raised earlier this year in line with the falling value of the pound after the Brexit referendum.The higher compensation cap would bring protection against these types of losses into line with the cover given for bank deposits where the bank fails and cannot return customers’ money. Source: telegraph.co.uk Share This:

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