UK: Enterprise Management Incentive (EMI) – May 2015

EMI was introduced in 2000 to encourage employees to own shares in their employing company or, if a group of companies, in the parent company. It is commonly used as a means of rewarding, incentivising or retaining employees or for a combination of these objectives.

The options can be awarded with certain conditions which must be achieved before the option vests and the employee is entitled to exercise the option. These objectives can be aligned […]

By |June 2nd, 2015|

Australia: Budget proposals offer start-ups an opportunity to get their legal house in order from the start

IN BRIEF

The Federal Government announced new measures in its budget this week that will no doubt be welcome to new ‘start-up’ businesses. New businesses will be able to deduct start-up costs such as professional, legal and accounting services from the 2015/2016 income year. This will replace the current situation, known as “black hole expenditure”, where some of the professional costs associated with a new start-up business are capitalised and deducted over a five year […]

By |May 21st, 2015|

British Virgin Islands: BVI And Cayman Removed From Italy’s Tax Blacklist

On 1 April 2015 the British Virgin Islands (BVI), Cayman Islands and 19 other jurisdictions were removed from Italy’s blacklist of jurisdictions. As a result it will now be easier for Italian individuals and companies to engage in business with those based in the Cayman Islands and the BVI.

The change, implemented in the form of decree by Italy’s Minister of the Economy and Finance, means that the jurisdictions removed are no longer subject to […]

By |May 19th, 2015|