recent policy developments in Europe pave
the way towards higher incentives for employee
share ownership, leading our barometer
to a new high.
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 for SMEs. Denmark
decided for more freedom of contracts for
stock options from 1.1.2019. In Croatia,
share awards and benefits from exercised stock
options will be taxed as capital gain rather
than salary, while Serbia introduced
an exemption regime of income tax on employee
share plans provided that shares wouldn't
be sold within two years from their acquisition.
In addition, new exemptions may be expected
from 1.1.2020 in The Netherlands
for employee sock options in startups and
in Lithuania, where employees
exercising stock options will be exempt from
both income tax and social security contributions,
provided that the option is exercised no earlier
than 3 years after grant.
all barometers, this one announces the future.
The positive trend of our barometer since
2013 announced the resumption of growth in
the number of employee shareholders in Europe,
which is a reality since 2016. Good
news for all Europeans !