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It's quite possible that I've not understood the whole picture - that's part of the reason I started the thread to be honest. I'm no entrepreneur or accountant so my understanding of the tax system is somewhat limited. It seems to me that the authors of that letter aren't sole traders (who, if...

I agree with this as a basic principle. And I agree wholeheartedly with this. The more streamlined the better, IMHO. I'd love to know where this broad consensus is. I've read two news articles this morning saying they 'believe' that they know the findings already of the HMRC investigation...

This is what the people in the letter are trying to say, I think. But this is exactly why I don't understand it. The 50p rate is income tax, not capital gains. Taking money out of a business as wages to reinvest in expanding the business is horrendously inefficient from a tax perspective. If...

Hilarious letter in the Telegraph today; http://www.telegraph.co.uk/comment/letters/9114040/Cut-the-50p-tax-rate-to-help-boost-business-and-encourage-entrepreneurs.html George Osborne 'must abandon folly of 50p tax' - Telegraph If these guys are supposed to be our captains of industry, with...