PwC's recent summary of global developments impacting stock plans.
PwC's recent summary of developments impacting stock plans around the world.
As has been widely reported (see Baker & McKenzie client alert), the European Court of Justice
(ECJ) invalidated the EU/US Safe Harbor Program which allowed transfers of personal data of
EU/EEA residents to U.S. companies that registered under the program. Generally, such
transfers are allowed only if a permissible ground exists, and the Safe Harbor Program was a
convenient ground for many U.S. companies doing business in the EU/EEA. By invalidating the
program, these companies are now forced to rely on other grounds, such as the data subject's
express consent or Model Agreements between the transferring and receiving entity.
An "inversion transaction" is a corporate restructuring under the terms of which an existing corporation moves its corporate headquarters from one country (i.e., U.S.) to another, (i.e., Ireland) usually by inserting into its corporate structure a new parent corporation above the existing parent company. In most instances, the corporation's shares remain listed on a recognized stock exchange throughout the restructuring. This articles covers some of the key points with respect to global equity awards that you should understand if your corporation is considering an inversion transaction.
The UK 2014 Finance Bill has proposed significant amendments to the taxation of share awards for internationally mobile employees. Subject to enactment of the Finance Bill, the new rules will apply to all share vestings and option exercises occurring on or after 6 April 2015 (irrespective of the date on which the award was granted).
5 Things About Global Stock Plans and Technology
Top Trends in Global Stock Plans
Key International Updates
Nuggets of Wisdom in the CEP Institute’s Global Equity GPS
Get a Handle on Mobility Tax Compliance!
Focus on the growing definition of mobility and more complex global tax issues
This is an informal survey of practices surrounding Global Stock Plans.
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