BusinessCompany News‘Tax high earners,’ say small businesses

'Tax high earners,' say small businesses

Small businesses have spoken out against government plans for improved public by raising national insurance contributions, saying taxes on high earners should be increased instead.

Link: Treasury defends policy on corporation tax

The survey, based on almost 1000 interviews and conducted on companies with fewer than 50 employees, found almost one quarter of small businesses favoured raising taxes for high earners instead of increasing NI.

But an overwhelming 56% of the businesses questioned said they were firmly against plans to raise money for public services improvements by increasing NI contributions. Instead, more than half said what was needed was better management practices, not more money.

According to the survey, conducted by market information company Taylor Nelson Sofres, 55% of businesses said both the employer and the employees should meet any increase while only one in 10 felt employers alone should increase their contributions, and 27% believed employees should meet the cost.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor