Link: Budget 2004
The poll of 300 representatives of public and private businesses found 57% believed the Budget would make no impact while 27% said the impact would be negative.
Key concerns were changes to transfer pricing, with 57% saying this was unreasonable, and nearly two-thirds said the measures to encourage enterprise and skills development would have little or no impact.
John Whiting, tax partner at PwC said: ‘The chancellor presented what he called a budget for stability but it is clear that business was hoping for more help and remains to be convinced about the Budget’s measures.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements