You are here

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

"Your chances of finding a worker who's been misclassified if that worker has not complained are worse than your chances of finding a leprechaun riding a unicorn." - Seth Harris, a deputy labor secretary under President Barack Obama.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to