Shares for Employment Rights

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Shares for Employment Rights; Would you?
Tweet Topic Started: Oct 10 2012, 01:44 PM (716 Views)
Setenza	Oct 10 2012, 01:44 PM Post #1
Knitting with only one needle Posts: 6,057 Group: Admin Member #7 Joined: September 10, 2010	Osborne's Plan Not sure what to think of this plan. Get tax free shares in your company (upto г50k) but have to give up some employment rights, such as unfair dismissal and redundancy. Employment rights for a small company can be a nightmare, but giving out shares in most cases would be pointless, they're not worth much unless the company's bought in most cases. Being a shareholder give some rights, but it seems two ideas forced together than something that makes sense for either the employee or the employer. If Osborne wants to reduce workers rights, just go ahead and do it, forget the overly complicated schemes. Would anyone give up their rights for some shares?



Micky	Oct 10 2012, 06:40 PM Post #2
Gordon Chisholm Posts: 948 Group: Members Member #4 Joined: September 10, 2010	My company is reaching saturation in our market so fck that. Also will never be bought out, thanks to our Swiss overlords being the ones who usually do the buying. But fck it anyway. This government would love it if anyone who earned under 50k all spontaneously died, or so it seems.



TheDean	Oct 10 2012, 10:01 PM Post #3
ALLEGEDLY CALICO Posts: 2,117 Group: Members Member #53 Joined: September 18, 2011	every City of London financial firm will be offering this "opt out" - not sure take up will be large anywhere else.



whatsthatonyourback	Oct 11 2012, 11:07 AM Post #4
Waldo Jeffers Posts: 4,443 Group: Members Member #3 Joined: September 10, 2010	TheDean Oct 10 2012, 10:01 PM every City of London financial firm will be offering this "opt out" - not sure take up will be large anywhere else. Why would you say City of London firms would be particularly keen to use it?



Morvant's Finest	Oct 11 2012, 12:18 PM Post #5
Tommy McLean Posts: 2,106 Group: Members Member #37 Joined: January 13, 2011	As Set says it's evident the Tories would like to simply do away with such crazy lefty ideas as redundancy pay, the right to request flexible working, time off for training and the right to challenge unfair dismissal. Rather than having the guts to do so they're attempting to bribe workers into accepting the loss of such rights. Shameful really.



TheDean	Oct 11 2012, 01:20 PM Post #6
ALLEGEDLY CALICO Posts: 2,117 Group: Members Member #53 Joined: September 18, 2011	whatsthatonyourback Oct 11 2012, 11:07 AM TheDean Oct 10 2012, 10:01 PM every City of London financial firm will be offering this "opt out" - not sure take up will be large anywhere else. Why would you say City of London firms would be particularly keen to use it? most likely environment where the culture of summary firings still prevails and since you're not exactly giving anything up the thought of a г50k, money for nothing ,"bung" might be attractive. Course, the thought of a money for nothing culture being in existence outside the public sector might be a non sequitur to Ruth Davidson et al but its not hard to find it if you look for it.



Morvant's Finest	Oct 18 2012, 03:56 PM Post #7
Tommy McLean Posts: 2,106 Group: Members Member #37 Joined: January 13, 2011	TheDean Oct 11 2012, 01:20 PM whatsthatonyourback Oct 11 2012, 11:07 AM TheDean Oct 10 2012, 10:01 PM every City of London financial firm will be offering this "opt out" - not sure take up will be large anywhere else. Why would you say City of London firms would be particularly keen to use it? most likely environment where the culture of summary firings still prevails and since you're not exactly giving anything up the thought of a г50k, money for nothing ,"bung" might be attractive. Course, the thought of a money for nothing culture being in existence outside the public sector might be a non sequitur to Ruth Davidson et al but its not hard to find it if you look for it. TheDean, you can collect your spotters badge now. http://www.guardian.co.uk/politics/2012/oct/18/george-osborne-shares-rights-tax Quote: George Osborne has been accused of opening up new tax avoidance opportunities after it emerged companies will be allowed to give back employment rights to selected workers who receive tax-free shares under his shares-for-rights scheme. The loophole could be used to reward high-paid staff with tax-exempt shares worth up to г50,000 without loss of access to fair dismissal procedures, redundancy pay and other "gold-plated" employment rights. The shares can be added to any held in other tax-free employee schemes, creating a "pure tax advantage" for the better off rather than simply a means of reducing rights, according to one accountant. Another said it opens up "lots of tax abuse opportunities, including contractual abuse".



zico	Oct 18 2012, 08:16 PM Post #8
Ivan Golac Posts: 1,127 Group: Members Member #60 Joined: December 26, 2011	Osbourne is an absolute arsehole all tories need to be taken to the whickerman ans vurnt alive as they are scum


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