EFES NEWSLETTER - SEPTEMBER 2018
proposal in Germany
North Rhine-Westphalia Government wants to make employee
ownership in start-ups much more attractive in Germany
through higher tax incentives. A legislative proposal
in this sense is submitted to the Bundesrat. The
current tax incentive would be increased from 360€
as it is now in Germany to 5.000€ annually. This way,
Germany would be at a standard level for such incentives
A European wave to promote employee ownership and
stock options in start-ups can be observed in Europe
recently. New legislation in this sense are already
in force in Ireland, France, Sweden and the Netherlands,
and projects are also in discussion in Austria, Luxembourg
President Donald Trump signed historic new law bringing
new incentives to promote employee-owned businesses.
It is known as the "Main Street Employee Ownership
new legislation had co-sponsors on both sides of the
political aisle, Democrats and Republicans. It is
the most far-reaching employee share ownership legislation
to pass US Congress in over 20 years.
It is expected to double or even triple the growth
rate of employee-owned companies over the next decade.
We have a selection of 33 remarkable articles in 8 countries
in July/August 2018: France, Germany, Hungary, Luxembourg,
Netherlands, Switzerland, UK, USA.
France: As in many other countries, employee share
ownership is particularly developed in the engineering and
construction sector in France. Engie: Employees hold now
over 4%. New employee share plan for AXA. Free shares for
all Envea employees. The number of workers co-operatives
had never been so high in France, growing mainly in industry
Germany: North Rhine-Westphalia Government will make
employee ownership in start-ups much more attractive through
tax incentives, the current 360€ to be increased to 5.000€
Hungary: The new legislation of 2015 helps to revive
employee share ownership in Hungary.
Luxembourg: Debates about taxation of stock options
Netherlands: Employees will become shareholders of
the Bernhoven Hospital.
Switzerland: Taxation of employee shares and options
should be reduced in startups.
UK: Scottish Prime Minister Nicola Sturgeon to launch
new "Scotland for employee-owned businesses" initiative.
A record number of companies are operating employee share
schemes, according to analysis by British-based outsourcing
business Equiniti. New small companies turning to the
Employee Ownership Trust scheme.
USA: President Donald Trump signed historic new law
bringing new incentives to promote employee-owned businesses.
The new legislation had co-sponsors on both sides of the
political aisle. It is the most far-reaching employee share
ownership legislation to pass US Congress in over 20 years.
NCEO Employee Ownership Index doubles S&P performance.
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