Flat tax pushed by small businesses
Jan 07 2006
Posted by Gordon as Accounting and Finance, Business Concepts, General Management, UK Companies
A large majority of entrepreneurs are calling for single flat rate to replace Britain’s tax regime, which business owners said is outdated.
According to a study done by business advisor Tenon, seventy-five per cent of company directors said that they back the adoption of a single flat tax in the UK as a replacement to the incumbent system and its many fees.
Only 18 per cent of business owners said that they were happy with what the government is offering, while more than seven in 10 felt that it has become too complicated.
Company formation and business solutions experts said that the numbers indicate an overwhelming call for change and should be seriously looked into by the government.
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