Global Equity News: Winter/Spring 2010 Edition |
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Deloitte’s Global Employer Services group is excited to share the inaugural edition of our Global Equity News. This semi-annual publication is designed to share specific and timely topics, new developments affecting equity award programs, as well as to provide you with an overview of some of the more significant tax and regulatory efforts adopted by governments from around the world.
This edition covers a range of topical issues that companies need to stay on top of, including:
Issues impacting mobile employees
Despite tough economic times and companies looking to cut costs, recent surveys continue to report an upward trend in the prevalence of international assignments and relocations. At the same time, tax authorities around the world are becoming increasingly interested in mobile employees participating in equity incentive and deferred bonus programs, due to the significant values that have been provided under these plans in the past and the fact that such values are expected to continue into the future.
Equity award trends in the United Kingdom
The challenging economic environment and varying degrees of regulatory intervention in the area of compensation and tax policy have had a significant impact in the United Kingdom and we expect to see further changes emerging in the coming months.
United States: Internal Revenue Code Section 457A
If you have employees overseas who received deferred compensation benefits in 2009, they could be subject to immediate income taxation on those benefits for 2009, even if they will not receive those benefits for a number of years.
United States: IRC Section 6039 ISO and ESPP reporting
On November 16, 2009, the U.S. Treasury Department issued final regulations relating to the return and information statement requirements under IRC Section 6039, which as amended, imposes return and information statement reporting requirements on any corporation that transfers stock pursuant to the exercise of an Incentive Stock Option (ISO) or an option under an Employee Stock Purchase Plan (ESPP).
We hope this newsletter will serve as a useful resource to you and your organization and, as always, we welcome your feedback.
For questions about this publication, or about Deloitte’s equity services, contact us at globalequity@deloitte.com.
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Global Equity News
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