13th November 2017
Scrap Corporation Tax!: Billionaire Urges
In a recent interview on the Andrew Marr Show, industry billionaire, Sir James Dyson, offered up ways to boost industry in the UK.
Dyson insists the government needs to walk away from the massive ‘divorce settlement’ that the European Union is demanding, and to scrap corporation tax which he believed was discouraging outside investors.
Prime Minister Theresa May previously agreed to pay £20 billion to leave the EU, but Brussels is now demanding more money. The UK has now been given a 2 week deadline to pay the new £60 billion, and Dyson calls this “outrageous”.
Blame has been pointed at Chancellor of Exchequer, Philip Hammond, who it has been reported failed to show “sufficient energy” in his confrontations with the EU.
The government is increasingly considering the post-Brexit landscape, with the negative impact it could have on the poorer families of the UK.
James Dyson is a huge Brexit supporter and insisted there is “fantastic opportunity” for growth outside of the EU, claiming that Europe is one of the slowest areas in the world.
The inventor recently saw a spike in profits from outsourcing production to Malaysia.
Dyson further urged corporation tax to be scrapped, insisting that a tax on profits is the “wrong way to do things” and further claims there are “ways of getting around paying it”.
Britain already has one of the lowest corporation tax rates in the world, but the billionaire stated that if you allow profits to be reinvested, it would encourage more industry to come to Britain.
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
Keep up to date with the latest news by following us on social media:-
Watch the video to find out how CPA can help you!
Read Our Blog – How to overcome common excuses for non-payment
Read our blog – Debt collection agency
Read our Cash Flow Advice
Read about our overdue account recovery service
Read our blog – What is credit management?
Read our blog -What is a credit management company?
Read our blog -Credit Management that works!
Read our blog – How to select a debt collection agency
click to see read about our successes
Please call us on 0330 053 9263 to discuss how CPA can help your cashflow. Alternatively, either email us or use our contact form.