EFES NEWSLETTER - OCTOBER 2017
big idea for tax reforms
time to expand the opportunity of the working middle
class to participate in broad-based share plans.
tax reform that assures that middle class employees
get a fair shake is the American way to go. Congress
is at present considering about a half dozen employee
ownership bills, all of which have components that could
make the economy work better and more fairly.
key message is that whatever it does, Congress should
make any tax reductions for corporations conditional
on sharing the benefits with workers.
is the repeated call from Professors Joseph Blasi, Douglas
Kruse and Richard Freeman, world renowned for their
research works on employee ownership. More
We have a selection of 30 remarkable articles in 6 countries
in September 2017: France, Germany, India, Poland, UK, USA.
France: Eres Group annual survey of employee ownership
in France and in Europe: France still number one for employee
share ownership in Europe but declining. Democratization rate
of employee ownership at its lowest of last ten years. In the
long run, equities are undoubtedly the most profitable investment;
this is all the more true for employee share ownership. New
employee share plan for Vallourec, for Suez, for Peugeot, for
Cap Gemini. Only 20% of business transfers to employees in France
concern healthy businesses. The 500 employees hold 34% of Serap
Group since management/employee buyout in 1989.
Germany: Which place for employee share ownersship in
Germany after federal election?
India: The finance ministry has finally given its consent
to adopt ESOPs for employees of public sector banks.
Poland: On the road to legislation for employee ownership
UK: New research has shown that employee-owned business
are deemed more reliable and principled than others. Pre-tax
profits down 53% at worker-owned John Lewis.
USA: The 15 employee shareholders of Cincinnati's largest
investment advisory firm sold the company to a newly created
employee stock ownership plan. Senator Baldwin is introducing
a bill designed to boost the number of employee-owned companies
The full press review is available
political roadmap for employee ownership in Europe
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