A group of senior business leaders have written an open letter criticising Labour's plan to raise the top rate of tax.
Shadow chancellor Ed Balls last week confirmed his party would restore the 50p tax rate if it gets into power at the next general election.
Business figures have continued to criticise the plans, and today the heads of 24 of Britain's most successful companies have warned in a letter to The Telegraph that it would halt the economic recovery and cost jobs.
The letter's signatories - including Ocado chairman Sir Stuart Rose and Kingfisher chief Sir Ian Cheshire - label the proposal a "backward step" that "will have the effect of discouraging business investment in the UK".
Pimlico Plumbers founder Charlie Mullins said it would be "suicidal".
He warned it could trigger an exodus of investors, pointing to the example of France under President Francois Hollande, who raised the top rate of tax to 75 per cent.
"Business people aren't against paying tax, just not at such a punitive rate," he said.
The head of the London Stock Exchange Group, Xavier Rolet, also raised concerns at the weekend about its potential impact.
"The right tax rate for entrepreneurs is what motivates investments," he told Sky News on Sunday.
"There are worries and certainly concerns that we do share that increasing the taxation, reversing if you want, the measures that have been taken in the last few years, could impact not only foreign but also domestic investments."
A former Labour minister also accused the party of choosing to "kick" Britain's wealth creators over the 50p tax rate proposal.
Former Labour City minister Lord Myners, now a crossbench peer, suggested the plans would not even get "a pass at GCSE".
"In the last few months we've got, oh, if it creates wealth let's kick it - really go for energy companies, really go for house-building, bankers, this time it's going to be the high-earners," he told the BBC.
But Mr Balls has the backing of Alistair Darling, who introduced the 50p rate when he was chancellor.
He told the Sky News Murnaghan programme: "It's part of the deficit reduction plan that he set out and I thought Ed Balls delivered a very good speech yesterday."
The 50p - or 50% - "additional rate" tax, which is payable on income above £150,000, was cut to 45% on April 6 last year.
:: Watch Sky News live on Sky channel 501, Virgin Media channel 602, Freeview channel 82 and Freesat channel 202.
Anda sedang membaca artikel tentang
Business Bosses Slam Labour's 50p Tax Rate
Dengan url
http://raskindollar.blogspot.com/2014/01/business-bosses-slam-labours-50p-tax.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Business Bosses Slam Labour's 50p Tax Rate
namun jangan lupa untuk meletakkan link
Business Bosses Slam Labour's 50p Tax Rate
sebagai sumbernya
0 komentar:
Posting Komentar