Potential investors are being put off bringing much needed capital into the UK by increased instability in the tax system, argues Baker Tilly’s George Bull.
A ‘serious debate’ on business tax is required ahead of the latest Budget if the economy is to be stabilised, argues George Bull, tax partner at Baker Tilly.
Client surveys conducted by the firm reveal that it’s not the level of tax that’s keeping international investors away, but a perceived uncertainty in the system. “The feedback we’ve received is that the way the system keeps changing is worse than the absolute level of tax.
“Politicians from all parties need to understand that the way they act, even down to the things they say affect the decisions of potential overseas investors,” he says.
Log in to read more.