Loren Rodgers
On August 9, the IRS issued a press release warning about tax avoidance in employee stock ownership plan (ESOP) transactions. It is not clear what prompted the memo or whether there are any specific transactions that the IRS is investigating.
Loren Rodgers
The IRS issued a news release on August 9 stating that as part of “an expanded focus on ensuring high-income taxpayers pay what they owe,” it was warning “businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs).”
Loren Rodgers
If you were not in Kansas City last week for the 2023 Employee Ownership Conference, I want to share an announcement I made:
Loren Rodgers
The Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University announced on April 18 that it is launching the Shares Laboratory. The lab will use "big data" and a model of the national labor force to conduct research, monitoring, and policy-relevant work on all forms of equity compensation.
Loren Rodgers
The NCEO is delighted to announce six new members of its board of directors: Lori Atone, Jennifer Briggs, Haydee Caldero, Timothy Garbinsky, Susan Kildahl, and Dan Markowitz -- their bios are below. The three-year terms of the new directors will begin on April 1, 2023. Congratulations and thanks to our new directors!
Loren Rodgers
The Mondragon Corporation of Spain’s Basque region, an integrated network of more than 90 employee-owned companies plus many worker cooperatives, is the best-known example of worker cooperatives in the world. On December 15, the worker-owners of two of its largest member cooperatives voted to separate from the network, as reported in several articles, such as this one in El Pais.
Loren Rodgers
Join our growing team!
Loren Rodgers
On December 2, the mayor of London, Sadiq Khan, announced the creation of the London Ownership Hub, which will launch in early 2023 with the goal of creating "the networks, resources and conditions to help worker co-operative and employee-owned businesses across London develop and thrive." London contains nearly 500 employee owned businesses, 30% of the total in the UK, and the sector proved resilient through the pandemic.
Loren Rodgers
Annual elections for our board of directors will take place in January, and members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 21.
