TaxAdministrationBusiness wants more tax transparency from election contenders

Business wants more tax transparency from election contenders

BDO finds few believe Labour, Tories and Lib Dems are open enough on tax policy

Chancellor Alistair Darling

BDO claimed today that business leaders believe there is little transaprency
among the parties that will contest next year’s general election.

A survey by the firm reveals just 3% of financial decision makers detect
enough transparency from Labour, the Tories and the Lib Dems.

A huge 93% of those polled by the firm believe that tax rises will inevitably
affect their businesses after the election.

Stephen Herring, senior tax partner at BDO, said: “It may come as little
surprise to see that almost every business is expecting to be hit by tax rises
next year but it is disappointing to see that even after conference season, we
are still in the dark over the parties’ tax policies.

“UK business and entrepreneurs are on the operating table and the political
parties are holding the scalpel, but we don’t know what level of pain will be,
or where exactly it is going to hurt.”

Accountancy Age comment:

Parties
sould tell us where they stand on tax

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