John Whiting tax partner at PricewaterhouseCoopers digs through the layers of the onion that are the employee-related measures of the Pre-Budget Report
As we all expected the main focus of Gordon Brown's eighth Pre-Budget Report was the economy. He mounted the anticipated robust defence of the Golden Rule gave encouraging figures for growth and borrowings but … did leave many of us including expert economists such as my colleague John Hawksworth (see John's article on page 7) wondering if the figures could really be delivered. If the balance between taxation and spending isn't maintained in the future that will leave stark choices — cut spending or raise taxes. And if taxes have to be raised the fear from employers is that they would as with the recent NIC...
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John Whiting tax partner at PricewaterhouseCoopers digs through the layers of the onion that are the employee-related measures of the Pre-Budget Report
As we all expected the main focus of Gordon Brown's eighth Pre-Budget Report was the economy. He mounted the anticipated robust defence of the Golden Rule gave encouraging figures for growth and borrowings but … did leave many of us including expert economists such as my colleague John Hawksworth (see John's article on page 7) wondering if the figures could really be delivered. If the balance between taxation and spending isn't maintained in the future that will leave stark choices — cut spending or raise taxes. And if taxes have to be raised the fear from employers is that they would as with the recent NIC...
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:
