City complains of uncertainty

first_img whatsapp City complains of uncertainty KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 14 October 2010 9:39 pm THE City of London Corporation will criticise the government’s taxation of the City in a report published today saying the current tax regime is damaging to London’s competitiveness and that rival countries are introducing favourable tax measures to attract internationally mobile staff.The Corporation’s report says the huge number of recent changes to the tax system as well as those on the horizon, gives the appearance of a lack of fiscal and regulatory coordination.The last three years have seen the introduction of several unexpected “tax events” such as the bonus tax, the bank levy, the increase in the top rate of income tax to 50 per cent, and a variety of other changes increasing uncertainty, the report will say.In 2009 the City contributed £66bn in tax, it employed over 300,000 and accounted for 10 per cent of GDP. The Corporation calls for greater consultation with government over taxation, while also accusing HRMC tax teams of being “unnecessarily adversarial”.Stuart Fraser, policy chairman at the City of London Corporation said the lack of predictability in UK tax policy was “having a severe impact on perceptions of those who make the decisions on new investment in global financial services which remain critical for the success of the UK”.He said the deteriorating position on tax certainty was a key issue for potential City investors in deciding whether to do business in London.?Fraser added: “While the scale of overall tax burden is a key consideration, it is clear from this report that our top priority must be to restore the perception of predictability and certainty that has for so long underpinned the UK tax regime.” More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comcenter_img Show Comments ▼ whatsapp Share Tags: NULLlast_img read more

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