Employee Ownership Blog

Scott Rodrick

S ESOP Companies Included in US Exemption from Global Minimum Tax

The Employee-Owned S Corporations of America (ESCA) reports that the Organisation for Economic Co-operation and Development (OECD) announced that a “side by side” arrangement will exempt all US companies from a new 15% tax on the global income of large multinational corporations. Senior US Treasury staff members have assured ESCA representatives that the US exemption will cover multinational US ESOP-owned S corporations, which otherwise would be subject to entity-level taxes.

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Corey Rosen

Grand Rapids Becomes the First City to Provide Preferences for Employee-Owned Businesses

Grand Rapids, MI, has become the first city to provide purchasing preferences for employee-owned businesses (PDF). Businesses can be employee-owned through an ESOP, an employee ownership trust, or a worker cooperative and must be certified by a recognized third party, such as Certified Employee-Owned or the NCEO.

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Corey Rosen

The Five Largest Majority and Broadly Employee-Owned Non-ESOP Companies

The vast majority of US companies owned broadly by employees have an ESOP. We recently released our yearly update to the Employee Ownership 100, the 100 largest companies owned by an ESOP or a worker cooperative. By the nature of these plans, most or usually all employees meeting a basic service requirement can become owners.

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Corey Rosen

Employee Ownership Prominent on Most Ethical Companies List

A new survey of more than 3,000 people by MarketBeat listed 9 employee-owned companies on its list of the 118 most ethical companies in the US. The survey asked people to name the companies that most closely align with their personal and moral values. All but two of the employee-owned companies on the list (H-E-B and Wawa) are majority employee-owned, and all but two (H-E-B and Edward Jones) are employee-owned through ESOPs.

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