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10p tax - We will help by increasing mininum wage!

Posted by AccountingWEB in Tax on Tue, 06/05/2008 - 16:17

With all the bad press for the government about abolishing the 10% tax threshold, one of the ways the government said it would help the low earners is to increase the minimum wage.

I don't know about anyone else, but how is this the government helping, its not the government who pays the minimum wage its businesses! Small businesses can no more afford to pay more to staff than the employees can to pay more tax.

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