Equity incentive has developed for a long time in the United States. There are two key points here: one is the employee retirement income security law passed in 1974, which clarified the legal status of employee stock ownership plan for the first time; The other is the tax reform law of 1984, which was passed in 1984. This law provides tax relief for all parties involved in the employee stock ownership plan. Including: tax deduction for business owners' donations to employee stock ownership plans and tax exemption for interest income from bank loans. It is under the impetus of this bill that the employee stock ownership plan has been greatly developed in the United States. From the perspective of the development of equity incentive in China, we should also introduce corresponding tax preferential policies in time to better promote the operation and development of equity incentive in China.

1, plan

1952, Fiesel Company of the United States designed and launched the world's first stock option plan.

1956, the American Panisura newspaper company first launched the employee stock ownership plan (ESOP).

2. Securities Law

1974, the US Congress passed the Retirement Income Security Act.

1984, the us congress passed the tax reform protection act of 1984.