TaxCorporate TaxFDs say no to tax rises to fund war

FDs say no to tax rises to fund war

The Accountancy Age/Reed Accountancy Personnel Big Question found 72% of FDs would oppose the introduction of further taxes to finance military action in the Gulf.

Link: Full results of the survey

Fewer than one in five said they backed a rise in tax in next week’s Budget to pay for the coalition’s actions in Iraq and any post-conflict support.

Gordon Brown has already pledged £3bn to the cause and said that the UK would spend ‘whatever it takes’ to see out the war, but the results show that he and the Labour party could face a backlash if UK plc has to pay out of its own pocket. Brown’s Budget is already expected to show slowing economic growth without the effects of war, which could impact on spending plans.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

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

4m 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

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

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

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

8m 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

8m Alia Shoaib, Reporter