TaxCorporate TaxManufacturers urge corporation tax cut

Manufacturers urge corporation tax cut

Manufacturing body warns that tax complexity and its rising burden will make the UK a less attractive place for business to operate

Manufacturers are set to call for a further cut in corporation tax to
maintain the UK’s attractiveness to do business in.

Manufacturing lobby group
EEF
will call for the rate to be cut from 28% to 25% by 2011, according to reports.

It will say that the rising tax burden needs to be addressed, as well as the
complexity of the UK tax system.

A survey by the body has found that 54% of companies believed their tax
burden had risen in the past five years.

Corporation tax drops from 30% to 28% from April 2008.

EEF last week appointed former Deloitte European consulting COO Gilbert
Toppin as CEO.

Further reading:

Chancellor set to soften CGT
blow

Sanger to look at CGT
alternatives

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