Sir Digby calls for more competitive business tax
New trade and investment minister calls for more competitive business taxation and less red tape, to encourage investment and grow the economy
New trade and investment minister Sir Digby Jones has called for a more
competitive corporation tax rate.
Just a few days into his new role within the government, Sir Digby called for
a more competitive tax rate for business to stimulate the economy, encourage
more R&D investment and to help small businesses,
reported the Daily Telegraph .
‘In Germany the rates may well be higher, but what if after reliefs and
allowances the cheque companies pay is less than here, and the company pays less
per pound earned in Germany?,’ he told the newspaper.
Sir Digby also called for a clampdown on regulation, and would investigate
regional development agencies to ensure they did not offer ‘tax bungs’ to
foreign companies.
Further reading:
Myners calls for 40% private equity tax