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                        EFES NEWSLETTER - NOVEMBER 2017 
                     
                    
                       
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                            What's 
                          going on with the European Commission | 
                       
                     
                    
                       
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                           The 
                            main obstacle to the development of employee share 
                            ownership across Europe is the lack of information 
                            about its benefits and how manage risks.  
                          In 
                            a letter to European Commissioner it is recalled that 
                            the Commission is committed to launch a European information 
                            plan to raise awareness in this sense. A 
                            section on the promotion of employee share ownership 
                            has also been added to the Capital Markets Union Action 
                            Plan.  
                          However, 
                            when it came time to vote on a budget to materialize, 
                            some surprising objections have emerged within the 
                            Commission.  
                          The 
                            letter to Commissioner Marianne Thyssen calls on the 
                            Commission to fulfill its commitments. More 
                             
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                            Marianne 
                            Thyssen  
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                    Press review 
                    We have a selection of 37 remarkable articles in 11 countries 
                    in October 2017: France, Germany, Ireland, Italy, Luxemburg, 
                    Morocco, Poland, Swiss, UK, USA, Zimbabwe. 
                    France: Why the democratization of employee share ownership 
                    is declining in France. Taxation on employee share plans is 
                    dissuasive in France. New employee share plan for Bouygues, 
                    for Thales. Alpine Aluminium is now a workers' co-operative. 
                    Germany: Prominent German companies and organizations 
                    launch the "Berlin Appeal for more Employee Share Ownership". 
                    Ireland: Boost for Ireland's start-ups as income tax 
                    is removed from share options. 
                    Italy: Employee share plan for Alitalia? 
                    Luxemburg: Finance minister has abandoned his proposal 
                    to reform the stock options regime. 
                    Morocco: New employee share plans for Suez and for 
                    Cap Gemini. 
                    Poland: On the road to legislation for employee ownership 
                    in Poland. 
                    UK: New companies turning to the Employee Ownership 
                    Trust scheme. 
                    Swiss: Employee share ownership is more and more in 
                    use in Swiss startups. 
                    USA: New study shows dramatic impact of employee ownership 
                    on economic well-being. Both Republicans and Democrats collaborated 
                    on creating a series of extensive tax breaks for Employee 
                    Stock Ownership Plans (ESOPs). New companies sold to ESOPs. 
                    Zimbabwe: Barclays employees to get 15% share.
                    Den 
                      vollständigen Presseüberblick erhalten Sie unter: 
                                     
                      http://www.efesonline.org/PRESS 
                      REVIEW/2017/October.htm  
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                      A 
                      political roadmap for employee ownership in Europe 
                       
                        
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