The calculation is based strictly on government figures, and as it omits regulations costs, for which figures are unavailable, the full cost is bound to be higher.
Richard Baron, deputy head of the Policy Unit at the IoD, said: ‘It is small wonder that, with the regulatory and national insurance burdens on employers rising, more and more business people would rather not expand their businesses and take on employees. Regulation is holding back the thriving economy which we all need.’
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