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New US tax law offers carrot to gig workers

Provision allows sole proprietors - along with owners of partnerships or other pass-through entities - to deduct 20 per cent of their revenue from their taxable income

Published Mon, Jan 1, 2018 · 09:50 PM

New York

THE new tax law is likely to accelerate a hotly disputed trend in the US economy by rewarding workers who sever formal relationships with their employers and become contractors.

Management consultants may soon strike out on their own, and stockbrokers may hang out their own shingle.

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