A powerful business group has called for the tax burden on companies to be
The British Chamber
of Commerce (BCC) called for the main rate of company tax to be reduced to
25 % to ‘allow the UK to remain competitive on a global scale’, it said in a
submission which will be put forward to Chancellor Gordon Brown before he makes
his pre-Budget report.
The body, which represents thousands of business spanning the economy has
called for the levy to be reduced from its current 30% rate in order to match
the EU’s average requirement of
David Frost, BCC’s director general, said it was ‘crucial that the government
does not take our position for granted,’
The Times reported.
‘There is a growing consensus that corporation tax needs to be cut.’
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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