A sweeter deal needed to attract top tech talent

NZ companies with global workforces will need to think carefully about how they use equity compensation to compete for talent. (Image: Getty)

Peter Griffin

Thu, 05 Dec 2024

One of the few tech policy initiatives the Government has been working on this year is a change to taxation that applies to employee share programmes.In response to lobbying from the tech sector, which sees equity compensation as crucial to attracting tech talent and letting startups offer attractive packages without straining financial resources, the Government moved to increase the tax exemption threshold on annual equity compensation payments.At the moment, the threshold sits at $5,000 per annum, with a proposal outlined in a bill before Par...

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