Publisher's Synopsis
This report is a study of the tax, company and financial services regulations relating to the use of trusts in conjunction with employee share schemes. It demonstrates how ESOPs can be used as a means of structuring and facilitating an employee buy-out, in particular in businesses formally run by central or local government.;Updated to include the Finance Act 1991, this edition contains a description of the relevant laws, a case study of an ESOP and a schedule of ESOPs known to have been created to date. It also highlights the possible technical pitfalls and proposals for reform.
