Reposted by @mcmh44.bsky.social
UK law firm partners collect record pay, up to £2.5m per equity partner.
Partners treated as self-employed. Firms don't pay employer national insurance (ENI) on profit taken by partners.
£150k ENI dodged for every £1m profit shared. Public purse deprived.
Must end this tax perk.
archive.ph/vJCIj
ft.com
Top UK law firm partners take home record pay
Spate of listings in Hong Kong boosted IPO work and related transactions