TaxCorporate TaxBush calls for tax cuts to stimulate economy

Bush calls for tax cuts to stimulate economy

President proposes relief for businesses to invigorate US economy

President Bush has called for tax breaks for business and individuals to
stimulate the stuttering US economy.

The tax cuts must be worth at least one percent of GDP to have an effect,
which would equate to between $140bn (£71bn) and $150bn (£76.9bn), Web-CPA
reports.

‘By passing an effective growth package quickly, we can provide a shot in the
arm to keep a fundamentally strong economy healthy,’ Bush said.

Further reading:

US senate to consider tax cuts to enliven
economy

Obama’s record speaks against tax
abuse

Related Articles

HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

2d Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

1w Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

3m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

3m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

4m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

4m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

4m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

4m Austin Clark, Reporter