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Trade News Archive April 08 March 08 February 08 January 08
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24th April 2008
Government urged to tackle corporation tax
The government should help small retailers and wholesalers by providing them with much needed tax relief, it has been claimed.
According to the Forum of Private Business (FPB), Whitehall should consider reversing its decision to gradually raise corporation tax for small companies form 19 per to 22 per cent.
Phil Orford, the chief executive of the FPB, urged the government to consider the tax plight of small retailers as a top priority.
"The wellbeing of smaller UK businesses is also being seriously undermined, and all MPs should be aware that their business constituents are…being subjected to an unfair taxation policy," he said.
"The FPB is urging MPs to listen to the concerns of businesses in their constituencies and campaign against this unpopular tax rise," Mr Orford added.
Meanwhile, the FPB's 2007 Comprehensive Spending Review has revealed that 67 per cent of small companies would invest more money into their business if the tax increase was reversed.
(c) 2008 Adfero Ltd
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