I note the TUC’s reaction to the CBI’s tax report. The Guardian reports Brendan Barber as saying:
The chancellor must use his budget to give a firm no to this special pleading and strongly rebuff the business lobbying for a U-turn on the inadequate proposals to levy non-doms.
The CBI’s call for a big reduction in corporation […]
This morning the CBI is publishing a report calling for a radical overhaul of the UK’s corporation tax system.
The proposals are extraordinary. They show contempt for all those who work for a living in this country and who pay tax on their earnings at rates of at least 20%, plus national insurance at 11%. The […]
PWC’s weekly tax newsletter includes the headline:
PwC’s family business survey notes hunger for simpler UK tax rules and lower rates
If you can work your way through the password minefield the story is here.
And the story is wrong: entirely wrong. It’s political misinformation, yet again.
The evidence is simple to find. The Chancellor delivered simpler tax rules […]
I’ve been musing some more on the CBI’s ministrations on tax. I have a database on UK company performance. I prepared it when researching ‘Mind the Tax Gap’. Between 2000 and 2004 the average UK FTSE 100 company turned over £13,782 million a year. It’s average tax payment (I stress, payment to avoid deferred tax […]
The CBI has set up a tax ‘task force’. The mere use of the term is a bad sign. The membership also gives the game away. It includes finance directors from Pfizer, Rolls Royce, BP, Cadbury Schweppes and Barclays. Several are not names to inspire confidence in objectivity in this area.
Even worse are its terms […]
It’s OK to quote Polly Toynbee now. David Cameron does. I’m on side, apparently. So take this from her column in the Guardian today:
Yesterday, promoting their latest survey of 87 top executives, the CBI said two-thirds complain about tax. Only two-thirds? Who are the one-third who are happy with their taxes? The CBI claims the […]
The Liberal Democrats have offered two things business want according to a report in the Telegraph. The first is a small cut in the corporation tax rate. The second is a massive reduction in tax regulation as a result of the adoption of a general anti avoidance rule.
These two issues are the favourite demands of […]
