PricewaterhouseCoopers reckon that small companies are going to see the planned 1.5% cut in corporation tax cancelled. Meanwhile, MacIntyreHudson think that large businesses are going to see an actual reduction. There’s been much talk in the media this year of UK registered companies relocating abroad under more favourable tax regimes, which 11 Downing Street making vague frowning noises at the news. So which way will Darling go?
Down, for competitiveness? Or up, for the Treasury?
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Correction ...
I think Joe Public (and Joe Union) don't care about business owners which makes them a tempting target for Labour (New or Old).
The Real Questions
Are surely about the anti avoidance measures which were due to be brought in -
Will income shifting still be attacked?
Will the much touted NI on dividends be announced? or will this just be left to the actual Budget to minimise tax planning opportunities?
Business bashing
They really don't like enterprise, they think anyone who works for themselves only declares a part of their income. And who cares about small business - certainly not (traditional labour?) voters.