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The bill doesn't have anything to do with tax treatment. It lets employees take out a loan from the government to buy the stock of their business from the curre
by Alex3917 8y ago
The bill doesn't have anything to do with tax treatment. It lets employees take out a loan from the government to buy the stock of their business from the current owners, and then pay back the loan using the profits from the business. It's how the Twitter employees are currently trying to buy Twitter.
- moorhosj 8y agoHow is it different than a traditional ESOP?
- Alex3917 8y agoI think this is just a way to make it easier to set up ESOPs. Blasi created an alternative structure called an EWOK, but afaik that wasn’t included in this bill.
- walshemj 8y agoI think there might be a limit as to how much you can borrow.