KPMG has slammed chancellor
Gordon Brown for confusing small business in his last Budget speech.
McGinness, head of middle market tax at KPMG said: ‘This is a budget to
confuse small businesses. On one hand it rewards them with increased incentives
on capital allowances and research and development. On the other it penalises
them by increasing the rate at which they pay corporation tax.’
‘Despite promises to reduce complexity and administration costs, the proposed
changes to income tax and National
Insurance will increase the burden on SMEs and act as a disincentive to
growing their workforce,’ he added.
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