Slice's Maor Levran on Why Equity Breaks at the Grant and Goes Undetected for Years

https://hackernoon.imgix.net/images/7rEmNIeHNFOBfZZtUMQerOZIGGH3-nj83edl.png

Equity is the last part of a pay package that most companies still administer by email. Salaries run through payroll software, benefits run through a platform, then stock options run through a spreadsheet and a chain of local lawyers billing by the hour. That held while startups hired in one country. It stopped holding the moment they hired everywhere.

Ninety-seven per cent of multinationals that offer equity now grant it outside their headquarters country, according to the NASPP and Deloitte Tax equity incentives survey, which turns a domestic instrument into a fifty-jurisdiction tax problem for finance teams who never planned to be multinational. Every jurisdiction taxes the grant at a different moment, treats vesting differently, applies its own withholding rules, then changes them without telling anybody. Slice's own CEO and Co-Founder, Maor Levran, hasput the cost of getting it wrong at individual fines running well past $200,000.

...

Copyright of this story solely belongs to hackernoon.com. To see the full text click HERE

Read more