practical evidence and a wide range of academic
research credibly and authentically support
the view that a proper legal environment and
the provision of suitable fiscal incentives
are indispensable prerequisites for any policy
truly aiming the development of employee share
such evidence and research also show that
fiscal incentives always pay off medium/long
term and in many ways.
Organizations promoting employee ownership
around the world have demanded persistently
and consistently supportive legislations including
fiscal incentives for the common good (evidenced
in additional growth and profitability, the
spread of wealth, contribution to economic
and social stability).
New fiscal incentives pave the way to new
encouraging development, while political decisions
reducing or cutting such incentives always
lead to regression.
this perspective it is very unfortunate and
damaging that Professor Jens Lowitzsch in
his study prepared for the European Parliament
under the title "Employee Financial Participation
in Companies' Proceeds" (September 2012)
attempted to cast doubt, even to deny the
well founded and widely shared view.
addition, we demonstrate how biased Lowitzsch
chose the cases for his study: