Monday, October 05, 2009

Tax Cuts in the Interests of Tax Lawyers

I see George Osborne is offering new tax cut for new businesses started in the first two years of Tory government, these businesses will pay no employers national insurance for the first 10 employees.

If (and it's still an if folks) we do get a Tory government I see a raft of new businesses being started for the sole purpose claiming this little tax cut. This tax cut looks like it could be gamed to high heaven and I can almost see the tax lawyers rubbing their hands at the juicy fees they'll be claiming for advising on the creation of these new "tax efficiency" structures.

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