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These big contracting companies ganged up in the UK and persuaded the government to change the law so that small independent contractors are no longer competiti
by varispeed 6y ago
These big contracting companies ganged up in the UK and persuaded the government to change the law so that small independent contractors are no longer competitive (for example they essentially cannot deduct any business costs and have to draw entire contract revenue as salary, that means no funding of other business avenues) and at the current rates such contractors have to pay over 50% in tax, whereas companies like Deloitte not only don't have such costs, they can also hire such contractors as employees without rights. It's a scandal that is going to blow up later this year when the law goes live in April. Similar measures were already introduced in public sector, which caused mass exodus of small firms.