Prime Minister Kevin Rudd has vowed to sort out the technical issues with his crackdown on employee share schemes, a budget change condemned by unions, business and the Opposition.
In its budget, the Government unveiled plans to generate $200million by closing a loophole that allowed high-flyers to use employee share schemes to avoid tax.
Employees earning more than $60,000 would pay tax on their company shares upfront rather than when they were sold.
Several companies have already suspended their schemes, while unions argue the change is a bad result for all workers.
For more, pick up a copy of today's Canberra Times.
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