UK Parliament / Open data

Finance (No. 2) Bill

Proceeding contribution from Kit Malthouse (Conservative) in the House of Commons on Monday, 11 December 2017. It occurred during Debate on bills on Finance (No. 2) Bill.

The hon. Lady refers to schemes that require the employees to pay for the shares. In my view, businesses should be allowed to gift shares to their employees, and that should not necessarily form part of their remuneration package. At the moment, there are a series of ways for companies to give shares to their employees, but none is particularly tax efficient or confers particular advantages to a company. I would like a company that had a certain percentage of its shares in employees’ hands to pay a lower corporation tax rate than one that failed to involve its employees in the balance sheet. That would address the general idea that the Prime Minister has talked about—that employees should be more involved in the way that businesses, especially large businesses, are run. If shareholders at the annual general meeting every year are also employees, so much to the good. Dynamising and democratising capital has to be the way forward.

Type
Proceeding contribution
Reference
633 c86 
Session
2017-19
Chamber / Committee
House of Commons chamber
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