Traduction de «régime actionnariat des employés » (Français → Anglais) :

In the Commission Decision of 5 June 2002 (48), the Commission examined the Italian law which provided for a special tax regime for joint stock companies with a majority public shareholding set up under a specific law.

It appeared that the intended recipient, ACEA S.p.A., is one of the former ‘aziende municipalizzate’ (public utilities owned by local public administrative bodies) in the energy sector which has benefited of the aid schemes assessed in the Commission Decision 2003/193/EC of 5 June 2002 on State aid granted by Italy in the form of tax exemptions and subsidised loans to public utilities with a majority public capital holding (5) (State aid C 27/99, ex NN 69/98).

(c) Dependency benefits provided for under the schemes for former employees from the Belgian Congo and Rwanda-Urundi.

If, account having been taken of the periods thus completed, the person concerned does not satisfy the conditions for receipt of these benefits, these periods shall be taken into account for the granting of the benefits under the general scheme or, failing this, under the scheme applicable to manual or clerical workers, as appropriate, in so far as they have been completed under a scheme other than the abovementioned corresponding scheme and provided that the person concerned has also been insured under this general scheme or, failing this, under the scheme applicable to manual or clerical workers, as appropriate".

Mr. Phillips, in terms of the specific recommendations—we don't have time to get into all the nitty-gritty tonight—it seems to me you talked about making the income tax more ESOP friendly.

And when I say ESOP, it's an employee-owned company that's moved from the three founders to now 30 employees in three locations in B.C.