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
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.