Uber is good for everyone - unions must leave it alone

The IEA's Director General Mark Littlewood has written The Times Thunderer today on Uber and the news that the GMB union is to take legal action to oblige Uber to categorise its drivers as employees rather than self-employed. 

Mark argues that Uber contributes to an economy in which workers and customers have more power and choice than previous generations could imagine. The GMB seem to be unable to adapt to this new world. 

Read the full article here

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Mark Littlewood appears on The Jeremy Vine show

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By Richard Teather, 25th Jul 2016 (1 comment)

A company paying a dividend has already been taxed on its profits, so taxing the shareholder again at the full income tax rates would be unfair double taxation. Instead for decades we have used a combination of lower income tax rates and tax credits so that, more or less, the overall tax paid is the same whether you operate a business yourself as a sole trader or via a company. This principle was recently abandoned by George Osborne as Chancellor, who has increased tax rates on dividends and replaced the tax credit with an extremely complex system of special allowances for different types of income. The overall effect of Osborne’s changes will be to discourage investment.

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