This shitty Tax is when I actually started to hate new labour. Not just dislike, or strongly disagree with the lying toe-rags, but HATE.
This tax caused a mini brain-drain, hurt a lot of skilled people, and ended up raising very little additional tax. It resulted in the formation of the "Professional Contractors Group" (PCG), a group which until Tony and Gordon didn't need to act together for their common interest.
http://www.theregister.co.uk/2009/05/22/ir35_tax_revenues/
"According to the PCG, HMRC has won just a handful of tax investigations out of thousands. Indeed, of the 1,468 IR35 investigations PCG has been involved with, HMRC proved additional tax was owed just six times. The Government can’t continue to waste its own time, and that of HMRC and countless IT contractors, over a tax that probably costs more to collect, with sundry litigation costs, than it brings in"
IR35 is just one of many many reasons why Britain is the last of the G20 to come out of recession. There are so many more... and I grow tired of tribal labour voters, their ignorance, and lack of ambition.
And will that fuckface Gordon do anything about IR35? And admit he was wrong, despite it is costing more money to enforce than it is raising. Answered my own question there.
Wonder when, or even if the next government will repeal this shitty law? Or all laws created since '97. If only...
Subscribe to:
Post Comments (Atom)
2 comments:
You should know this already: they hate competition. B liar himself has at least three companies round which his money spins to avoid tax.
NO politician is paying the flat and unarguable PAYE-type tax (funded by companies on behalf of the government, bless them) that the Great Unwashed have to pay on pain of death, or at least jail.
IT contractors mustn't be able to take home more than these very skilled, highly qualified politicians.
What am I saying?
Can't believe that IR35 is still in place an incredible 11 years after implementation. Seems like a change of Government had little effect, and no prospect in sight of abolition!
Post a Comment