Deloitte CEO David Sproul says pursuing companies for their fair share of tax is damaging the economy | Mail Online

Deloitte logo.

Deloitte logo. (Photo credit: Wikipedia)

This is an interesting article in the Mail. It’s a RECOMMENDED READ, in my view.

Deloitte CEO David Sproul says pursuing companies for their fair share of tax is damaging the economy | Mail Online.

As I have written on this blog before, this Government needs to urgently make corporation tax simpler, lower the rates and seriously encourage businesses to increase investment.

Capital investment should be deductible from taxable profits with a multiple.

Let’s tax an example:

Taxable profits £10 million.

Capital expenditure £2 million.

Multiple equivalent to a factor of three.

So we have taxable profits £10 million less (capital expenditure £2 million * 3) = Revised taxable profit £4 million.

Any thoughts?

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Former Revenue boss lands tax-advice job at Deloitte – Telegraph

This story in the Telegraph is worth a read. Check it out!

Former Revenue boss lands tax-advice job at Deloitte – Telegraph.

I think this is a game-keeper turned poacher story rather than poacher turned gamekeeper.

Any thoughts?

The Gamekeeper - Richard Ansdell (1815 - 1885)

The Gamekeeper – Richard Ansdell (1815 – 1885) (Photo credit: Wikipedia)

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