Finance directors are bracing themselves for rocky market conditions to
continue for the next two years.
98% of FDs now believe that economic growth will stagnate or fall for at
least two years, according to
Finance Director Perceptions survey.
The survey involved 100 private and public companies, from a cross-section of
UK businesses, with a turnover of between £20m and £250m.
Many are planning to reduce their cost base, Baker Tilly found. The main
targets for cost cutting will be employment, renegotiating trade terms, and
cutting investment measures which can be expected to have a wider macroeconomic
impact. In terms of government policy, 66% of businesses surveyed would support
a 1% reduction in employers national insurance.
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