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Employee Ownership Update for January 17
National Center for Employee Ownership [NCEO] 
Jan. 17, 2006
NCEO Executive Director Corey Rosen discusses a major Indian tea plantation where 92% of employees have purchased stock to buy the company from its owner; a major employee ownership initiative at Electricite de France; and IRS Announcement 2005-80, which sets out the details of a proposed settlement procedure for a number of improper transactions, including three abusive applications of S corporation ESOP rules.
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