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In the first in a new series on 'Tax in turbulent times', Jill Storey and Martin Landells of KPMG LLP look at how employers can make effective use of share incentives and other tax-efficient reward structures

Alastair Munro, of KPMG, discusses the key aspects of the draft legislation published on 9 December 2008 for the proposed new exemption system for UK and foreign distributions

Eloise Walker, Corporate Tax Partner, and Michael Hunter, Senior Tax Associate, Pinsent Masons, consider pitfalls in the tax treatment of payments made following an acquisition

Jo Quelch and Craig Rowlands of KPMG discuss the tax issues which need to be considered when part of the consideration for the purchase of a company will include an 'earn-out'

Rebecca Power and William Franklin, both Senior Associates in the Tax Group at Pinsent Masons LLP, explore the ways in which a buyer of a distressed company can use share incentives to improve performance

Camilla Spielman, Senior Associate at Eversheds, outlines the current direct tax position of UK authorised investment funds

Charles Beer, Senior Partner in KPMG's Real Estate Tax Practice, reviews the Pre-Budget Report from the standpoint of the property market

Gary Hull, Director of HRS Services at PricewaterhouseCoopers LLP, examines the Pre-Budget Report from an employment taxes perspective

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The Tax Journal brings you Ernst & Young's reaction to the Pre-Budget Report of 24 November 2008

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