|
EFES NEWSLETTER - JANUARY 2018
|
10%
in the hands of employees in France |
|
The
objective of 10% to be held by employee shareholders
in France by 2030 was launched last month in Paris by
the French Federation of Employee Shareholders Associations
(FAS). This may be compared with 4 to 6% held now in
large French companies (depending on definitions), and
to some 10% in the USA. President Macron and the French
Government will back this objective, seeing employee
share ownership as a key factor for the revival of a
population of individual investors. After eight years
of negative policies under Presidents Sarkozy and François
Hollande, this is a very good signal for employee share
ownership in Europe. France is back !
|
|
Press review
We have a selection of 29 remarkable articles in 12 countries
in December 2017: Canada, France, Germany, Hungary, Ireland,
Italy, Luxemburg, Poland, South Africa, Spain, UK, USA.
Canada: Employee buyout for Daily Herald newspaper.
France: New employee share plans for Kaufman & Broad,
for Axa, for Total, for Suez. Management/Employee Buyout for
Fondasol. Successful employee buyouts through workers' co-operatives.
Instead of employee share ownership, the CFDT Union advocates
for France the German model of Mitbestimmung.
Germany: With the "Berlin Appeal for more Employee
Share Ownership", 60 prominent German companies and organisations
call for radical change in German policy.
Hungary: A first point on the impact of the new regulations
of 2015 in the Act on Employee Share Ownership Plans.
Ireland: EU backs tax break for new SME share-options
scheme.
Italy: EFES Barometer of employee share ownership policies.
Luxemburg: So far, stock options and warrants have been
taxed at low levels and were open to misuse.
Poland: PwC reports on the introduction of employee share
ownership in Poland: "A chance for companies, a chance
for Poland".
South Africa: Staff of Barclays Bank of Kenya, Ghana,
Uganda and Zambia will soon be given an opportunity to acquire
shares in their parent company.
Spain: Spanish employees of Alcampo manage their shares
through a dedicated holding company in Luxemburg.
UK: "Employee-owned" Prospects Group acquired
by Shaw Trust. New companies turning to the Employee Ownership
Trust scheme. The number of companies having turned to Employee
Ownership Trusts has increased by 120 since April 2014, far
from a "boom". Positive progress for European employee
share ownership policies.
USA: Some companies actually pay $0 in federal
tax without relying on any accounting tricks. How? Because they
are S-corporations that are 100%-owned by their employees through
an ESOP (employee stock ownership plan).
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2017/December.htm
|
A
political roadmap for employee ownership in Europe
The
EFES needs more members. Download the EFES membership form
What's
new on the EFES website?
EFES NEWS
distribution: 200.000
|
