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Europe: COVID-19 – Recovery & Renewal – EMEA Tax Issues – Employee Benefits

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In brief

Baker McKenzie’s EMEA Tax Practice Group presented an overview on “Employee Benefits”, the second in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times on 9 June 2020.

Contents

The taxation of workers and employees is an area subject to complex forces through the Covid-19 era.

In this session, we cover tax issues that companies dependent on gig economy workers are facing during lockdowns and will have to manage afterwards. We also discuss how Covid-19 has reshaped and will affect international mobility, with employees potentially working in different locations than originally planned.

In addition, we explore how the Covid-19 crisis may change the way employees are paid, receiving shares instead of cash and, finally, we explore how corporate tax deductions and share plans may become a new area of interest for tax authorities to increase revenues and pay for economic stimulus packages.

View the recorded webinar. Password: EBwebinar.2020

Download the material.

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Author

Jeremy Edwards is a partner and the head of the Employee Benefits Group in Baker McKenzie’s London office. He advises on all aspects of employee share plans and employee taxation. Jeremy has over 20 years’ experience as a share plan lawyer and two years’ experience as a corporate lawyer. He is currently serving on the advisory panel of ProShare and is a regular speaker at share plan conferences held in the United Kingdom.

Author

Don-Tobias Jol is a partner within the Amsterdam Tax practice with over 20 years of experience. He focuses on global compensation and benefits advisory, with particular emphasis on the so-called “three E’s”: executive, equity and expatriate compensation. Don-Tobias is a frequent author and speaker on a variety of international remuneration issues, and served on the Board of Directors of the Global Equity Organization (GEO) from 2018 to 2023. He has been on international assignments to South Africa (in 2005 and 2006) and Saudi Arabia (in 2012 and 2013) to serve clients of his respective employers at the time. Don-Tobias is a member of Baker McKenzie’s Global Employment & Compensation Practice Group, and heads the Firm’s Dutch Compensation & Benefits advisory team.

Author

Geoffrey Poras is a Counsel at Baker McKenzie's Paris office.

Author

Ludmilla Maurer, a counsel, joined Baker McKenzie’s Frankfurt office in 2010. She is a member of the German Tax Practice Group, a member of the EMEA Steering Committee for Employee Benefits and a member of the Global Immigration & Mobility Steering Committee. Ludmilla studied law at the University of Bayreuth, Germany, concentrating on tax law. She also has an additional qualification in business studies as Wirtschaftsjuristin from the University of Bayreuth. She passed the first State Exam in Bayreuth in 2006 and was admitted to the German bar in 2009. After passing the first State Exam, Ms. Maurer worked at an international law firm in Moscow as a law clerk. During her legal clerkship (Referendariat) and prior to joining Baker McKenzie, she worked for several large international law firms in their corporate departments. In 2013, Ludmilla was admitted as a certified tax advisor and a certified tax lawyer. In 2015, she completed a Master of International Taxation, MIntTax, degree at the University of Sydney.

Author

Gillian Murdoch is an associate in Baker McKenzie's London office. Gill qualified in the employee benefits team in 2014 after joining the firm as a trainee in 2012. Gill was named as a "Next Generation Lawyer" by Legal 500 in 2017.

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