Trinidad Looking at Ownership Legislation

According to Hubert Alleyne of the International Communications Network, Trinidad is now considering legislation to encourage employee ownership. Alleyne previously worked for the Royal Bank of Trinidad and Tobago, a pioneer in employee ownership in Trinidad. Alleyne says that there are now 25 companies offering broad employee ownership plans, most of which provide a tax-favored way for employees to invest in their companies under case-by-case rulings. Alleyne says that about 60% of the employees take advantage of the plans in these companies. U.S. companies in Trinidad have asked the government to provide a clear statutory framework so that they can include their employees in their U.S. plans.