Ian Brimicombe reviews the Budget 2011 Tax Proposals
As the Chancellor rose from the crowded front bench last week we heard that there was almost as little room for manoeuvre in his Budget speech. However he did make room to surprise large business with a further rate cut of 1% underlining a commitment to pursue a strategy to promote private sector growth. The rate cut combined with increased R&D credits for SMEs enterprise zones and higher tax incentives for entrepreneurs sent a clear message to business to step up and take advantage. The Chancellor in return expects investment and employment to increase and so carry the UK out of the red and into the black over the life of this Parliament.
So as the foundations of a competitive tax environment are laid to stimulate a private sector-led recovery the question is...
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Ian Brimicombe reviews the Budget 2011 Tax Proposals
As the Chancellor rose from the crowded front bench last week we heard that there was almost as little room for manoeuvre in his Budget speech. However he did make room to surprise large business with a further rate cut of 1% underlining a commitment to pursue a strategy to promote private sector growth. The rate cut combined with increased R&D credits for SMEs enterprise zones and higher tax incentives for entrepreneurs sent a clear message to business to step up and take advantage. The Chancellor in return expects investment and employment to increase and so carry the UK out of the red and into the black over the life of this Parliament.
So as the foundations of a competitive tax environment are laid to stimulate a private sector-led recovery the question is...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
