Link: Budget special
The productivity gap with the US continues to be between 20% and 30%. Brown blamed the gap on poor innovation investment and intends to increase this from 1.9% to 2.8% of GBP in line with the US.
Brown believes he can find an extra £1.25bn by broadening the definition of what activities fall under research and development. In addition, he has asked the Inland Revenue for help, by allowing more tax exemptions for research and development
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