___ dixit

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Possible Answers: IPSE.

Last seen on: –NY Times Crossword 14 Nov 20, Saturday
Wall Street Journal Crossword – Dec 13 2018 – Jail Breaks

Random information on the term “IPSE”:

IR35 refers to the United Kingdom’s anti-avoidance tax legislation designed to tax “disguised employment” at a rate similar to employment. In this context, “disguised employees” means workers who receive payments from a client via an intermediary, for example, their own limited company, and whose relationship with their client is such that had they been paid directly they would be employees of the client.

Before IR35 was introduced, workers who owned their own companies were allowed to receive payments from clients direct to the company and to use the company revenue as would any small company. Company profits could be distributed as dividends, which are not subject to National Insurance payments. Workers could also save tax by splitting ownership of the company with family members in order to place income in lower tax bands. (This latter practice was recommended by government publications advising on setting up family businesses, but attacked as tax fraud by other government departments, notably the Treasury. It came under separate, ultimately unsuccessful attack in 2007, see S660A.)

IPSE on Wikipedia