The institute said that flexibilty for companies, rather than detailed prescription of acceptable shares and scheme rules, will be vital to make the scheme appealing.It will also be important to preserve existing share and share option schemes. If they were to be abolished, there would be significant narrowing of the tax incentives for enterprise, said the institute.Richard Baron, deputy head of the policy unit at the IoD, said: 'The tax system has a key role in encouraging schemes that turn employees into entrepreneurs. If we get the right rules, that can only benefit the UK economy.'
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