Economic recovery threatened by 'punitive' tax regime | AccountingWEB

Economic recovery threatened by 'punitive' tax regime

Nascent economic recovery could be ‘choked off in its prime’ thanks to the UK’s burdensome tax regime, according to a recent poll of SMEs.


» 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.


As with most quoted research,.....

nickja | | Permalink

....we're not told precisely what questions were asked and cannot know therefore whether, for example, they "led" respondents to answer in a certain way.    Until I see for myself what the questions were, I cannot determine whether the conclusions drawn are truly representative.

And where's the evidence to suggest that entrepreneurs will leave the country anyway?  Some have made a lot of noise but few seem to be leaving.

We can argue for ever over whether to cut spending or taxation but, if by cutting spending we store up problems for the future that will cost even more to put right, I know where my vote would be, eg if we repeat the errors of the '80s by restriciting spending for educating young people, we will inevitably repeat the outcome, namely a lost generation who have to be supported by the state and who, for lack of anything to do, get involved in drugs, crime and so on that requires yet more spending to deal with.    I'd rather spend to develop the next generation than cut in response to empty threats from a few higher rate taxpayers.




Entrepenuers leaving the UK

pauljohnston | | Permalink

I can assure that they are and creating businesses that operate outside the UK.  In my small client base 2 are looking at exporting their businesses.  Not only does the country lose the business tax but also the jobs and NI and tax that employees pay.

Only a few need to leave to increase the tax burden on the rest that remain.




what's a small business ?

oldersimon | | Permalink

That's the problem, isn't it ?  We don't know who was surveyed or what the questions were. And I note that clients are looking at leaving the set up businesses elsewhere or what ?