|
archived news blog
February 2012 (8)
January 2012 (44)
December 2011 (33)
November 2011 (47)
October 2011 (42)
September 2011 (43)
August 2011 (47)
July 2011 (44)
Higher tax band will ‘dampen’ the economy. Pearson May News Update - Thursday 30 July
Higher tax band will ‘dampen’ the economy
The introduction of the new higher income tax rate will damage the economy, the TaxPayers’ Alliance has claimed.
A report from the group has argued that the upper tax threshold, set to increase to 50 per cent next year, will deter entrepreneurs from investing in start-up businesses.
Matthew Sinclair, research director at the TaxPayers’ Alliance, said: “The new top rate that the government is proposing won’t just fail to raise significant revenue; by putting off potential entrepreneurs, it will reduce employment and make it more likely that ordinary Britons can’t find work.
“The 50p rate of income tax was a political stunt that isn’t worth the price of higher unemployment, so it should be abandoned.”
Business General
This section contains a host of advice and information on a range of business matters, from insuring your
business to dealing with employee absence. Simply visit the topics listed below for further information,
ideas, tips and strategies on how to take your business forward.
Click here for more information
See What's On Our Site
Our site also contains:
- A huge database of business information
- Your portal to the web with our powerful search facilities and Links section
Home | Contact Us | Recruitment | Services | News | Knowledge Centre | International
About Us | Companies House Search | Links | Search | Register | Logout
Terms
and Conditions
Technical Problems - email service@pearsonmay.co.uk
Copyright © 2009 Pearson May. All rights reserved.