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Government Announces New Type of Employment Contract

Government Announces New Type of Employment Contract

Oct 24, 2012

The Chancellor of the Exchequer has announced plans to introduce a new kind of employment status – that of ‘owner-employee’. The plan is that new owner-employees will relinquish some of their UK employment rights in exchange for rights of ownership in the form of shares in the business they work for. Any gains on the shares will be exempt from Capital...