Archives: Labor & Employment

Subscribe to Labor & Employment RSS Feed

Board games: Employees to be fairly represented on the boards of UK companies?

Originally mooted by Theresa May during the hustings for the leadership of the Conservative Party (see our report), the proposal to enable employee representation on the Boards of UK companies finally assumed the status of formal government policy on Wednesday (5th October 2016) with the measure being specifically mentioned in the Prime Minister’s closing speech to … Continue Reading

Simplifying employment status – moving forward at a glacial pace

At the Autumn Statement last week the Government announced that it had responded to the Office of Tax Simplification (OTS) report on employment status originally published in March and it was “taking forward the majority of its recommendations”. Now, 9 months after the March report, a letter from HM Treasury has emerged indicating which of … Continue Reading

Moving on – changes to the taxation of shares for internationally mobile employees

For employees that move from country to country, the taxation of benefits in the form of shares is different from the way in which other types of remuneration are taxed in the UK. This can be a pain to administer and result in significant tax advantages to some employees, whilst others are worse off.  The … Continue Reading

Additional Thoughts About the U.S. Supreme Court’s Hobby Lobby Decision

For employers, the Hobby Lobby decision of the U.S. Supreme Court makes no attempt to define the scope and meaning of the term “closely held” corporation.  The majority opinion stated that “the cases before us are closely held corporations, owned and controlled by members of a single family”.  Is this ruling supposed to be limited … Continue Reading

401(k) plans – new rule on fiduciaries delayed (again)

The U.S. Department of Labor’s revised proposed rule for defining a fiduciary has been delayed … again. Most recently expected in August, the Labor Department is now predicting January 2015. And, the rule has a new name: The Conflict of Interest Rule for Investment Advice. As a refresher, the proposed rule would broaden the definition … Continue Reading

UK Budget 2014 – employment tax

The Budget did not contain much that was new in relation to employment tax issues. Many of the measures had been previously announced. However, there has been further information published in the past week and today in relation to a number of changes, including revisions to the legislation on dual employment contracts and further guidance on … Continue Reading

Two Strikes Rule

For three years Australian directors have had to contend with the ‘two strikes’ rule regarding executive remuneration. Under the rule shareholders have the opportunity to spill a company’s board of directors if the resolution to approve the company’s remuneration report receives a ‘no’ vote of 25% or more at two successive annual general meetings (the … Continue Reading
LexBlog