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Tax reforms needed to retain UK competitiveness

by Judith Tydd

16 Mar 2009

Tax reforms are needed if the UK is to retain its competitiveness when the recession finally lifts, according to a report commissioned by Alistair Darling.

A competitiveness group – comprising professionals in accountancy, law, property, architecture and consultancy – is calling for firms to use growth markets around the world, according to ft.com

Michael Snyder, senior partner at accountants Kingston Smith, said the UK's professional services sector needs to remain innovative if it is to attract the same level of growth after the downturn.

The report reveals that despite the current tax regime working well for the professional services sector, more can be done to encourage inbound investment.

Further Reading:

Non-doms dissatisfied with changes to tax regime

Read the ft.com story

Non-doms dissatisfied with changes to tax regime

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