EFES NEWSLETTER - NOVEMBER 2016
employee-owned "sociedades laborales"
European Parliament's Committee on Employment and Social
Affairs published a study on the Spanish model of sociedades
This business model is characterized by the majority
of the company's capital being held by employee shareholders.
Initially in the 80's, its creation was linked to processes
of crisis and industrial reconversion.
Since the mid 90's, it had an important boom in corporate
processes, boosting enterprise creation.
are working for the 10.000 sociedades laborales,
most of them being shareholders of the company they
This is a typical business model for employee ownership
in very small enterprises.
We have a selection of 24 remarkable articles in 7 countries
in October 2016: Australia, France, Israel, Italy, Poland,
Australia: Taxation “handbrakes” on employee involvement
in financing startups are now removed.
France: One year after being voted, the new (quite
favorable) fiscal regime of free shares could already be removed.
France is number one for employee share ownership in Europe
but quickly declining.
Israel: Recent Israeli tax rulings relating to share
and option plans.
Italy: A new government fund to support employee share
Poland: Minister of Development Morawiecki plans to
promote employee ownership in Poland.
UK: The employee share ownership industry is well-prepared
to face any economic uncertainty thrown up by the Brexit .
New firms turning to the Employee Ownership Trust scheme.
USA: October is the Employee Ownership Month in the
US. Proposed changes to the tax code could soon provide greater
benefits from stock options to startup employees. Employee
ownership for all: How to finance it.
The full press review is available
political roadmap for employee ownership in Europe
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