noooo ... there is NO Capital Gains Tax ... this is not their investment ... they are employees and it's classed as income ... the value is based on the SP on the conversion date and the amount of shares .. PD paid 48.5 cents on the $$
SP on the 27/11 was 0.265 so 45 million shares = $11,925,000 .... Tax bill = $5,783,625
and that doesn't take into account their annual income / income tax
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noooo ... there is NO Capital Gains Tax ... this is not their...
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