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3. How confident they may be The main objective of the so named IR35 legislation is always to prevent contractors using the tax benefits associated with operating through their own personal company. This means people working via limited companies will be susceptible to exactly the same levels of tax as 'normal employees', using the appropriate degrees of taxes & national insurance. It is clear that these two perspectives are going to draw swords against the other frequently. Although most people agree that efficient financial markets are best for everyone, the steps that government have to take to have there often run counter for the microeconomic interests of business. Sometimes a merger should be blocked to foster competition. Sometimes disclosures must be legislated to ensure consumers will make informed decisions. And sometimes certain activities should be regulated or prohibited to ensure that some are certainly not financially harmed by others.