Working Australians sharing in the success of the companies they work for is under threat - thanks to an up-front share-tax-trap.

Up until recently many Australian companies gave employees shares in the company - as part of an incentive package - or just to say thank you for a job well done.

As these companies grow, so does the value of the shares that Australian workers hold. And up until recently workers earning over $60,000 only had to pay tax on the shares once they’d cashed them in.

But, in the recent Federal Budget the Government decided it would instead tax hard-working Aussies up-front – when they first receive the shares they were entitled to receive.

As workers and businesses try to work together to get through the global financial crisis – the Australian Government is taxing your ability to take the shares you are entitled to receive.

Act now to Stop the Share Tax Trap:

“The legislation appears just to bring the taxation event forward in time, effectively getting employees to lend the Government the tax for the period between grant and maturity of the scheme.”

“Income should only be taxed when it is earned. Under the government's proposal employees will have to fund the tax.”

“I thought the Government wanted employee ownership in companies. The vast number of employees affected in our organization are blue collar workers.”

“Our company has invested considerable time and money over the past two years structuring and implementing the share scheme. We felt that it was a good alignment of company objectives and employee objectives and we are very disappointed that this has now been destroyed.”

 “The proposed changes erode the value of the share plan as a long term incentive to employees”

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Authorised by M Knight, AMMA, Level 1, 200 Creek Street, BRISBANE QLD 4001.