Any new business set up in the first two years of a Conservative government will pay no tax on the first 10 people it employs, George Osborne announced today in a move aimed at creating 60,000 new jobs across Britain.
Oh joy of joys for the tax abusers: evey one and two person man band in the country will dssolve their business, set up afresh and claim no NIC.
It's another 0% corporation debacle in the making.
Why don't politicians learn to talk to tax fiddlers (like me - though I'm of the benign variety) before making such stupid announcements?
Marks out of ten for competence = minus 3.