Edwin Seligman | Anorak

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Even the CBI doesn’t understand corporate taxation

THE CBI does not understand corporate taxation:

The business group dismissed accusations that large companies enjoy a cosy relationship with HM Revenue & Customs, and said public anger over tax avoidance and evasion stems from “misunderstanding” of the complexities of the tax system.

John Cridland, the CBI’s director general, said: “Business is paying its fair share of tax – we are much misunderstood. Today is the beginning of the fightback to say we’re paying the right amount of tax and the way to get the economy moving is lower rates of tax which will lead to more tax being paid.”

The point being that business cannot be paying the “right” amount of tax because business never pays tax, not a red penny, ever.

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Posted: 20th, April 2012 | In: Money | Comment