Tax – from GLNS

In collaboration with Julia Bandov’s DigitsUp Initiative and JUNE MINDS, GLNS organized a new, interactive event format in Munich on July 8, 2026, designed to give participants a clear and practical understanding of the opportunities and ways to get started with business angel investing in German startups.

The event brought together investors, founders, and an engaged audience to explore early-stage investments not only from a theoretical perspective but also to make them tangible through concrete examples.

Employee participation is an important tool for many growth companies to involve employees in future success without having to pay high salaries immediately. With guidance of 28 May 2026, the Bavarian State Tax Office ("BayLfSt") has taken a position on how employee participation arrangements with a negative liquidation preference, i.e. so-called Hurdle Shares, are to be classified for wage tax purposes. For the first time, the tax administration now provides clarity on when the grant of such shares gives rise to employment income and how later proceeds are to be treated for tax purposes.