News Chamber Media Releases AGCC comments on the Scottish Governments case to gain new powers over Corporation Tax:
AGCC comments on the Scottish Governments case to gain new powers over Corporation Tax:"The feedback we get back from businesses in relation to ways in which they could reduce costs is that there are a number of areas which have an effect - the burden of red tape and taxation being two of these. Most say that finding ways to cut back on red tape would have the biggest impact and that changes to corporation tax would not in itself make a huge difference. A combination of factors need to come into play to effectively lessen the cost of doing businesses which would enable companies to grow and create more jobs to help boost the economy. "There are also issues for national businesses which trade across the UK - they would be likely to suffer increased costs and complexity from differential rates. This may be a case of 'be careful what you wish for' as you might get more than meets the eye. We would advise cautious and detailed scrutiny of the real effects on business as opposed to the superficial attractiveness of such a policy, before a decision is made."
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