Wednesday, February 6, 2008

Overtime and Income Tax

Labour's proposal on overtime is a bad idea. It targets a part of part of the workforce. Not everyone works overtime. What is the advantage behind such a proposal? What is in it for the self-employed. First of all I declare that I am self-employed and therefore it effects me directly. I pay tax on all my income whether during "normal" working hours and after "normal" working hours. I know that cynics will say that the self-employed cheat on their taxes anyway. But that is beside the point. Not everyone is a cheat.

Secondly I shudder to think of those Government employees who work overtime in summer because the working day is too short who will not pay any tax at all.

Bad bad idea.

No comments: