The British government wants to propose giving fiscal incentives to employers who give their employees a stake in the business in which they work. (Ref. 130207)
£50m to help businesses. Deputy Prime Minister Nick Clegg announced tax incentives for businesses offering their employees shares. To that end, the government will inject £50 million from next year. Currently, employers are charged at up to 28% when assets are sold.
Clegg also welcomed a report by the Employee Ownership Association (EOA) which shows that businesses that invest into employee ownership are more profitable. Thus, he says many companies are spending thousands of pounds on “quirky id
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