Tax reforms needed to retain UK competitiveness
Report says reforms are needed to maintain growth and attract investment
Tax reforms are needed if the UK is to retain its competitiveness when the
recession finally lifts, according to a report commissioned by Alistair Darling.
A competitiveness group – comprising professionals in accountancy, law,
property, architecture and consultancy – is calling for firms to use growth
markets around the world, according to
Michael Snyder, senior partner at accountants Kingston Smith, said the UK’s
professional services sector needs to remain innovative if it is to attract the
same level of growth after the downturn.
The report reveals that despite the current tax regime working well for the
professional services sector, more can be done to encourage inbound investment.