Storm of criticism over plans

The government has proposed that firms with up to 50 employees and no more than SKr 80 million in turnover should be granted tax relief on employee stock options. The plans are being sharply criticised by entrepreneurs and investors.

“This will impede us in our hunt for talent. For example, if you want the world’s best designers, you have to compete with Google, Facebook and the like, and they offer stock options,” says Jacob De Geer, CEO of iZettle.

“I really don’t understand why a Social Democratic government, which says that it wants to build up a knowledge-based society, makes such idiotic rules. They are punishing companies that want to share their growth with their employees,” says Hans Otterling, a partner at Northzone.