This comes from an FT report this morning on a survey of tax opinion held by 75 large companies:
More than six of 10 of the companies polled said the tax system did not adequately support infrastructure investment.
One respondent said: “[The] UK's infrastructure requires many, many billions of pounds spent on it. Tax policy needs to reflect this . . . if this country wishes to avoid the chaos that an inadequate infrastructure will create.”
Well if that's what they wanted they clearly supported the wrong political party yesterday.
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They may have wanted that but not as much as they wanted to avoid the so called ‘Mansion Tax’, the attack on non doms, higher personal rates of income tax for the wealthiest, higher levies on Banks, energy price freezes…so on balance they voted entirely with their interests.
They are sitting on a £75-£80,000,000,0000 mountain of cash, but are waiting for the state to invest in infrastructure?
The same state that they want to shrink down to the bare bones?
Words fail me!
Actually, shouldn’t that be £750-800 billion?
With TTIP in the wings
Things can only get worse (parody of that catchy little number produced by D:ream) ….come on sing along now!
It’s time to forget about the puppets and concentrate on the “puppet masters”.
are you certain? surely what business `leaders` wants in infrastructure spending paid for by tax on other people’s [including their own low-paid employees’] national minimium wages