LLP FUNDING CRISIS

摘要

For aspiring legal eagles, being a partner in a law firm offers a certain kudos, but the question is how much would you be prepared to pay to hang on to your status? As the latest crackdown on tax avoidance sets its sights on 'disguised employment' among limited liability partnerships (LLPs) as a means to bridge the tax gap, the impact of new rules is being felt across the legal sector as swathes of law firms are being forced to review their partner remuneration structures - or risk incurring the wrath of the taxman.