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Commentary

2.2 Scenario for Newtex plc

Case Studies

Newtex plc is listed on the London Stock Exchange. It operates out of the UK and is the parent company of a multinational group of companies. In November 2022, Geoff, who is currently employed on a local contract in China, indicates that he wishes to exercise a number of unapproved stock options in December 2022.

Geoff has been an employee of the group for many years and has previously been on tax-equalised assignments within the group to the Far East. Having reviewed his file, you note that he has been on the following assignments

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