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At present companies are under no obligation to pay dividends, and they are free to increase or decrease dividends from previous years. They can also instead buy back shares rather than paying a dividend. If Labour are really interested in extending share ownership and ensuring that employees...

Not sure what you are suggesting is correct. I thought it was giving 10% of the already issued shares to the employees and these being held by the employees as a group, with the individual employees then receiving up to £500 per year in dividends, with any excess over £500 effectively going to...

The £500 is a cap, and I assume the £500 or whatever lower amount the dividend is will be reduced by tax once the dividend is declared on the employees tax return,