> You'll taxate them not on the share price that the share had when you got them, but the one it has when it went public. Imagine getting 1 million euros in sh

> You'll taxate them not on the share price that the share had when you got them, but the one it has when it went public. Imagine getting 1 million euros in shares, that you want to hold on for a couple of years because you believe they will be worth 10 million euros then. Well, to do that, you need to first pay 500k Euros in taxes (where you get them from is not the tax office problem). Then, if the stock goes from 1 to ten million, you need to again pay taxes on the 9 million win that you made (25%).