France: law extending employee savings schemes in SMEs is adopted

A law for the development of profit-sharing and employee shareholding, definitively adopted on December 14th and published in the Official Journal, aims at increasing the buying power while enabling "all the employees", whatever the size of their company, to benefit from some form of profit-sharing. (Ref. 070013)
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Employee savings schemes. The law does not lower the threshold above which there is an obligation to set up a profit-sharing scheme (companies employing more than 50 people) but aims at developing profit-sharing and employee shareholding. Here are some of the major changes:

  • an incentive for companies, via tax provisions, to grant shares or a profit-sharing supplement to their employees;
  • the possibility of setting up -via a collective agreement- a “project profit-sharing” with other companies, in
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