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.
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About Gina Dyer
I've been a journalist for four years, writing on a wide variety of topics from business and finance to travel, culture and celebrities. I began my career as an editorial assistant for Palladian Publications, a B2B publisher specialising in technical magazines for professionals in primary industries. I later moved into consumer magazines as a staff writer for French Magazine, a monthly travel publication aimed at Francophiles, and was part of the launch team for The Traveller in France, a quarterly magazine produced for the French tourist board. I was also a regular contributor to online travel portal Homesworldwide.co.uk, and later worked with customer publishers Future Plus as a freelance production editor, before joining Sift Media in January 2009. I am currently Deputy Editor of AccountingWEB.co.uk.