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17:33
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Originally posted by craft
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I don’t think it’s really necessary to consider his whole tax position.th July 114,968 performance rights vested and were converted into ordinary shares. He paid Nil for these but for tax purposes they would have had a deemed value of current market value. (Might have been 5 day VWAP) but let’s just go with market close on the day of $31.47. Therefore he would has deemed assessable income of 114,968 x $31.47 = $3,618,043 which would be taxed at his marginal tax rate – presumably 45% plus 2% levy plus Medicare = 49%Sad thing is the internally funded growth of the business to date could have been a great legacy to current board and management and still could be if they can quickly pass the baton onto the right people for the next stage of the SRX story.
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Cheers Craft I realise i have got the tax rate wrong by 2%, as mentioned by mining nut as well - finally has sunk in. I did the whole history as there was reference by the CEO to what he had done in the past.
