US Tax

Please let me first say hello to all here. I have joined because my company last year awarded shares in itself to staff on the US market, this was not alot, 30 that vest 10 a year for 3 years. This is the first time I have been involved in shares and I am interested in knowing alot more which I will read up on.

I completed a couple of forms that the trading company advised I should complete, I think one was the W-8BEN and the other was an Limited Individual Investor form. I was asked to pay tax at the rate of 58.9% on each vest or lose the equivilant rate of shares. I made a bit of a mess of this by not sending the wire in time to pay the tax but hey thats my fault. This year my company are awarding a significant increase in the share awards and I am wondering whether this tax rate of 58.90% is actually correct, is there something I may have missed with this? My company have not been helpful in the slightest, but neither have the company who are looking after the vest.

Hope someone can point me in the right direction, Happy holidays.

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