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Hi Deb and all
We have new UK Employee Ownership Legislation that
was passed in parliment on November 7th and will take place from 6th of
April 2003.
It will provide Tax concessions for companies who
transfer shares to an employee trust. Small and medium sized companies seeking
to become partly or full employee owned will benefit from the new
legislation.
It also ensures that employee representatives can
be appointed as Trustees of trusts set up to manage employee share
schemes.
Regards
Dave
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