EFES NEWSLETTER - NOVEMBER 2017
What's
going on with the European Commission |
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
|
Marianne
Thyssen
|
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.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2017/October.htm
|
A
political roadmap for employee ownership in Europe
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