EU green light for SME shares scheme

EU green light for SME shares scheme
Bid to help SMEs give employees slice of company receives green light. Pic: Getty

'Keep' plan is aimed at helping SMEs attract key staff, but details have attracted criticism from some start-ups and investors

The European Commission has approved a scheme announced in Budget 2018 aimed at helping small and medium-sized companies (SMEs) to hire and retain key staff.

The initiative, known as the Key Employee Engagement Programme, or ‘Keep’ for short, “will support small and medium enterprises in their efforts not only to attract but to keep key employees in a competitive labour market by providing for an advantageous tax treatment on share options”, said Finance Minster Paschal...

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