CBI and TUC row over taxes

CBI and TUC row over taxes

Bitter disagreement over corporate taxes

The Trade Union Congress (TUC) and the Confederation of British Industry
(CBI) are at loggerheads over the taxation of businesses in the UK, on the eve
of the annual Trades Union Congress in Brighton.

TUC general secretary Brendan Barber claimed business should pay more if tax
increases are needed to maintain the current levels of spending on public
services in the coming years, while the CBI has argued the exact opposite,
saying recently that business taxes are too high and that Britain is losing its
competitive edge with its main European and Asian rivals as a result.

John Cridland, CBI deputy director-general, was scathing in his response to
Barber, according to The Observer saying: ‘What planet is the TUC
living on? The tax burden on UK business has risen consistently over the past
decade, just as other major economies have cut their business tax rate, causing
a slide down the Organisation for Economic Co-operation and Development’s tax
competitiveness tables.

‘If we are to remain competitive, and continue to create jobs and wealth, we
need a cut in business taxes, not another hike.’

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

3m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

3m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

5m 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

6m 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

6m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

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

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

9m 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

10m Alia Shoaib, Reporter