Maya Forstater

@alexcobham - it’s not ‘unpaid expenses' though - it’s payment in kind with a chunk of property -https://twitter.com/MForstater/status/397818378964189184 …

@MForstater I don't think anyone is arguing this is imaginary money, or costless; q is whether it is should be a tax-deductible expense

@alexcobham wd it make a difference to your view if income taxed on individuals? Genuine q. @MForstater

@hselftax @MForstater I think it is, no? But the point is around whether or not equivalent to expense from corporate side.

@alexcobham @hselftax seems weird not to, if cld achieve same result for corp & employee by selling shares & giving $ bonus. whats the diff?

@MForstater @hselftax I think we risk circularity here! But: timing & crystallised value - different if wait til share value known.

@alexcobham @hselftax - Tax expense IS taken when the share value is known, no?

@MForstater @hselftax but unknown when option provided, hence the difference (and part of the 'some economists' divergence)