Headline: TAX TALK: How to cut hefty taxes on share options
First two paragraphs:
MANY directors and senior employees accumulate much of their wealth in unexercised share options in their employer companies. They are reluctant to exercise these options as the gains are fully taxable, mostly at the 40% maximum marginal rate.
If the worst comes in the budget speech on February 26, we could even see an increase in the maximum marginal tax rate above 40%. The implications of increasing the VAT and corporate tax rate are so severe they just cannot be considered. Other taxes are too small to patch up the national deficit