Public hearings: Tax and Employee Share Schemes

THE House of Representatives Committee on Tax and Revenue will be holding public hearings for its inquiry into the tax treatment of employee share schemes (ESS).

Chair of the Committee, Jason Falinski MP, said the Committee was interested to hear from a broad cross section of witnesses from government and the private sector about the operation of employee share schemes and the effectiveness of the tax laws surrounding them.

"In 2015 the Government made a number of changes to improve the taxation treatment and regulation of ESS," Mr Falinski said.

"This inquiry gives us the opportunity to understand why the use of ESS is still so incredibly low in Australia. It makes little sense. Giving employees, in both startups and established businesses, the opportunity to share in the growth of companies that they are helping build is a cornerstone of innovative economies around the world, like the United States and Israel.

"This is a unique opportunity for the Parliament to potentially transform the lives of a lot of good people," Mr Falinski said.

Further information about the inquiry is available on the Committee’s website.

Upcoming public hearings

Date: Thursday, 4 June 2020

Time: 9am to 1.30pm

Location: Committee Room 1R3, Parliament House, Canberra (via video/teleconference)

Date: Friday, 19 June 2020

Time: 9.30am to 3pm

Location: Committee Room 1R3, Parliament House, Canberra (via video/teleconference)

The hearings will be broadcast live at aph.gov.au/live.

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