Thursday, 8 April 2010

A Tax on Jobs

I guess a lot of things are going to get up my nose over the next four weeks while the General Election campaign is played out. But these so-called business leaders who have been complaining about the proposed increase in National Insurance contributions next year are starting to get on my nerves. They and their stooges in the Conservative Party keep referring to this as a 'tax on jobs'. No it isn't. It's a tax like any other, which is part of your business costs and you can pay for it in a number of ways. No one needs to lose their job because of it. Here's a few ideas:
Pass it on to your customers via increased prices;
Take account of it in next year's pay negotiations;
Renegotiate your supply contracts to get a better price;
Increase your sales, develop new products, break into new markets;
Or, you could pay it out of your profits. Perish the thought.

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