Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT Audit
« News Headlines »
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016

PwC: Focus on growth
December, 09th 2009

With some big decisions and tough choices to be made in this weeks pre-Budget report, tax experts at PricewaterhouseCoopers LLP urge the chancellor to make the final announcement of the decade one for growth. Experts for business, enterprise and personal tax provide their wish list for Alistair Darling.

Barry Murphy, head of corporate business, Pwc, said: With the current consultation moving ahead, we would welcome the chancellor further clarifying the alignment of taxation of international profits with the commercial reality that businesses today are operating in a truly global marketplace.

We would like to hear an update on proposals to review tax rules relating to intellectual property. The vision of the future is one of a Digital Britain and it is imperative that the tax regime supports this vision. Encouraging development within key science and technology areas underpins future business investment.

Balance and stability in the taxation of executives is a core wish for business too. Policies to encourage the arrival and retention of talent into the UK economy will be most welcome.

Mary Monfries, head of UK private business, PwC, said: Now is the time for the chancellor to build upon getting private capital into entrepreneurial businesses.

The launch of the UK Innovation Investment fund is a step in that direction and the success of this (measured by new institutional venture funding actually reaching the businesses that can drive significant economic growth) will be critical.

We would like to see the chancellor announce a continued support for such schemes as the enterprise investment scheme and venture capital trusts.

We would like to see the chancellor alleviate doubts over the long-term fiscal framework for enterprise in the UK. Ideally enterprise would like to hear something from the chancellor that signals a tax efficient share incentivisation programme, which will work with them to grow their business, and encourage long-term commitment for employees and investors.

Leonie Kerswill, personal tax partner, PwC, said: Uncertainty of changes to income tax rate bands, inheritance tax and capital gains tax changes are unsettling for individuals, and we would like to see the chancellor give some certainty around the scope of tax rises as many individuals will want to know where they stand.

We would encourage the chancellor to think outside-the-box, taking a radical stance on tax-efficient bonds to help individuals fund worthwhile things, such as home ownership. This would encourage saving and help government raise funds.
Copyright The Financial Times Limited 2009. You may share using our article tools. Please don't cut articles from and redistribute by email or post to the web.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions