CBI argues for a "competitive" tax system

In 2010-11, businesses paid more than a quarter of the total UK tax take of £551bn.

By New Statesman Published 19 April 2012

David Cameron at the CBI annual conference in London. Credit: Getty Images.

UK businesses pay around a quarter, £163bn, of the country’s total tax revenue, and a competitive tax system is essential to the economy and prosperity, John Cridland, director-general at the Confederation of British Industry (CBI) argued in a speech today.

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4 comments

Wed, 2012-06-13 15:02 — Andrew Chapman (not verified)

This is quite a good article. Many new questions emerge to the surface, all you need do is to read further information about the issues. Only then one can form a final view on a particular subject. Otherwise everything is seen only in the dimension of how to cum more black and white. The natural logic of pr agentura evaluating things before catering they were properly cognitively processed is a horrible mistake, made by those less intelligent. People should not throw away their common ubytovanie na slovensku sense easily. Anything and everything deserves appropriate time for making judgements.

Sat, 2012-04-21 16:38 — Eddy S (not verified)

lower company taxes will help the UK gather extra tax, global business is not stupid companies like apple take orders for goods on a UK web site, it get's manufactured in china, get delivered from some other country and branding rights may me paid to a subsidiary where intellectual rights for apple are registered in some low cost country.

the days when companies ran all there operations from one country is over, even worse the world is getting smaller and you can blame the internet for that.

in the next decade or too the concept of the global workforce will gather when engineers in India, China and Far East are competing for work with engineers in the UK and other countries, each worker will be only as a good as there last assignment a bit like how you rate a product on Amazon (that's the way we will be rated - this is already happening).

We should not be taxing jobs any further which is what income tax, higher income taxes equals less jobs.

What we need to do is move taxation from the productive economy capital and labour and onto wealth such as land this is harder to avoid and would also have benefical impacts to the UK economy in the global world.

Thu, 2012-05-24 09:23 — Andrew Chapman (not verified)

While it is important to have a debate about business tax it is vital that that discussion is based on facts and on an understanding of the whole purpose of the tax system, rather than on misinformation, misunderstanding or prejudice. cum more

Fri, 2012-04-20 19:44 — Red19 (not verified)

More crap from the eternal whingers that are the CBI.

It is the customers of British companies that primarily pay a quarter of all taxes.
Any further reduction in corporation tax would just go to line the pockets of the wealthy elite who rely on the CBI to do their bidding.