‘Owner-employee’ contracts proposed

The government intends to introduce a new type of employment contract – the ‘owner-employee contract’ – whereby new employees may be required to surrender their employment rights on unfair dismissal, redundancy , the right to request flexible working and time off for training in return for shares in the business for which they work worth between £2,000 and £50,000. Any gains on these shares would be exempt from capital gains tax.
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