recent policy developments in Europe pave
the way towards higher incentives for
employee share ownership, leading
our barometer to a new high.
2019, France voted the new
"PACTE Law" (for "Action Plan for Business
Growth and Transformation"), aiming at
doubling employee share ownerhip in France,
with a 10% stake to be held by employees
by 2030. In this view, the corporate social
contribution due on incentive plans ("forfait
social") is reduced from 20 to 10% for
public companies and it is even abolished
In 2019 and 2020, many countries introduced
exemption tax regimes to promote the use
of stock options in startups. So did successively
The Netherlands, Sweden,
recently, France will reduce
its "forfait social"
tax to zero in 2021 for many employee
share plans, and Germany
will double its fiscal incentives from
360 to 720€ annually from 1.7.2021.
of recent policy decisions in European