Friday 20 Apr 2012 @ 16:15
WiredGov Newswire (news from other organisations)
WiredGov Newswire (news from other organisations)
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Creating a competitive UK tax system is the strongest lever government can pull to secure lasting prosperity
In a speech this morning at a CBI / Policy Exchange business taxation debate, John Cridland, above, the CBI Director-General, said that UK businesses pay around a quarter, £163 billion, of the country’s total tax revenue, and that a competitive tax system is essential to the economy and prosperity.
Read the CBI Making the Case report (pdf)
Read John Cridland's speech to Policy Exchange
Chart slideshow: How businesses contribute
Launching a major new CBI report, Tax and British Business: Making the Case, Mr Cridland said that “UK businesses need to be competitive on the world stage and are perfectly entitled to operate in low-tax jurisdictions for legitimate business purposes.” He made clear that an important distinction had to be drawn between transparent low-tax jurisdictions and ‘tax havens’ that hide behind secrecy.
