The difference between the exercise price and the share price is salary income not capital gains.
As any payroll manager will confirm, income tax on salary has to be deducted and remitted to the ATO within 28 days. As the income received is not in the form of currency, but the tax has to be remitted in currency, either the employee has to have the currency available or they have to raise the currency somehow.
Capital gains only applies after the shares are sold, and is calculated as the difference between the share price at sale and the share price at acquisition (not the option exercise price). And the capital gains tax is claimed at the end of the financial year in which the shares are sold.
There is no "19 months to pay tax" anywhere in this.
People... if you're going to condemn our disgusting, greedy, self-interested, incompetent, lazy, useless management, can you at least do it on the basis of actual facts please? If you believe something and others... including the official announcements of the company... indicate that you're wrong, don't you think the minimally clever thing to do would be to check before you just re-post the same dribble again?
Not the ridiculous flights of the imaginations of posters feeding their collective ignorance into massive black hole of stupidity.
RAP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
