162 Election to reflect deductions for stock-based compensation
Finance (No 2) Act 2023 (2023 c 30) | Legislation

162  Election to reflect deductions for stock-based compensation

(1)     The filing member of a multinational group may make an election under this section for the members of the group located in a territory to adjust their underlying profits in accordance with subsection (2).

(2)     Where such an election has effect—

(a)     the underlying profits of each such member is adjusted by substituting, for the amount of any expense for stock-based compensation, the amount that was allowed as a deduction for the same expense when

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