CBI calls for tax clarity from government

British companies are confused by mixed messages about tax from the government, business group CBI has said.

The business lobby group says the government’s pro-enterprise drive, including cutting the corporation tax rate from 28% to 20% by 2015, is being muddied by its rhetoric on what companies pay.

“Many UK CEOs of global businesses have had telephone calls from their global CEOs somewhere else on the planet saying, 'We are just a bit confused,’” John Cridland, director-general of the CBI told The Telegraph.

“On the one hand we see this drive to make the UK the most tax-competitive capital in the G20. On the other hand...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Comments
johnjenkins's picture

That last bit

johnjenkins | | Permalink

just had me rolling over laughing.

There will never be any tax clarity from governments, because they always need an excuse when things go wrong and they don't have enough money to pay for their ill thought out promises.