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EFES NEWSLETTER - SEPTEMBER 2015
| 2.000.000.000
Euro to promote employee ownership |
| Two
billion Euro: On the scale of Europe, this is the estimated
tax cost to the US Federal Government for ESOP-specific
incentives in 2014 (US$ 1.9 billion). By comparison, a
new study was just published on the impact of employee
ownership and ESOPs on layoffs and the costs of unemployment
to the Federal Government. The data show that employee-owners
are far less likely to lose their jobs than non-employee-owners.
In turn, these low job losses saved the Federal Government
US$17 billion in 2014 alone, making clear that ESOP incentives
have been an excellent investment for the taxpayer, for
the Federal Government and for the US economy as a whole.
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| This
is exactly what we need in Europe too: The same ESOP model,
with the same fiscal incentives, for the same macroeconomic
balance. The ESOP (Employee Stock Ownership Plan) is
the most effective model in the world for employee ownership
in SMEs. It provides private owners with the best way
to sell their company to employees, and for employees
to become owners at low risk. More
information |
Press
review
We have a selection of 46 remarkable articles in 7 countries
in July and August 2015: Austria, Belgium, France, Germany,
Ireland, UK, USA.
Austria: Remarkable cases about employee share ownership
in Austria: ACP, AMAG, voestalpine.
Belgium: Belgian best-employer 2015 encourages employee
share ownership.
France: Remarkable cases in France: CITEL, Thermador.
New employee share plan for Vallourec and AXA. A French vision
about John Lewis Partnership. New legislation ("Loi Macron")
comes back to higher tax incentives for free employee share
awards.
Germany: STIHL celebrates 30 years of employee share
ownership.
Ireland: The practice of offering share options to
employees has, for many companies, increasingly become part
of the package.
UK: Employee-owned firms celebrate their model. The
Economist doesn't like employee ownership too much. New employee
ownership trust for PB Design. Employee-owned Hatfield Colliery
closed in June with the loss of 430 jobs.
USA: "ESOP plans, which have been around for decades
as a way to spread corporate riches among workers, are back
in the news as Hillary Clinton, Bernie Sanders and other populists
look to tackle income inequality." The impact of ESOPs
and the costs of unemployment in the USA. New Top-100 ranking
of majority employee-owned US companies. How does an employee
stock ownership plan work?
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2015/August.htm
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A
political roadmap for employee ownership in Europe
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