Re: Thin-lipped chancellor announces death of UK contractor market.
"its their companies money which is taxed, then taxed again when they pay themselves..."
Company *profits* will be taxed, unless you're storing income across years only dividends will be double taxed. Since the loophole relies on corporate tax + dividend taxation being less than total employment taxes, that's hard to complain about. This years changes in tax on dividends were obviously designed to neutralise that loophole, something few contractors seem to have noticed.
Biting the hand that feeds IT
