A Bill has been drafted by the Danish government to grant the beneficial tax treatment of share-based employee incentive schemes. The maximum tax liability would be set at 42% (rather than 56% on employment income) and the tax levied only when the shares are sold. However, the options would not be transferable and could only be up to 10% of the value of an employee’s annual remuneration. One major disadvantage of the scheme would be that a company could not offset the cost of the lost equity and associated costs against their own tax liabilities.