The Financial Times reported Paul Boateng, chief secretary to the Treasury, as saying that the statement was ‘wrong and misleading’, adding ‘we make no apologies for investing in public services’.
The CBI’s statements came in its pre-Budget submission where it also said that there should be no increase in environmental taxes.
Gordon Brown is expected to deliver his pre-Budget report in the last week of this month when British business could be further incensed if, as expected, he hints at further corporate tax hikes.
Does Darwin's theory apply to taxation? Colin ponders...
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