FTSE 100 tax burden threatens UK jobs
March 3, 2010 by admin
Filed under Career News and Advice
Finance chiefs issue stark warning as Government takes 57pc of gross profits.
By Richard Tyler, Enterprise Editor
Published: 8:43PM GMT 02 Mar 2010
Comments
|
FTSE 100 tax burden threatens UK jobs
Photo: GETTY
Britain’s largest companies handed over more than half their gross profits to
the Government in taxes last year prompting FTSE
100 finance directors to warn that the burden was damaging
investment and job creation.
The One Hundred Group, whose members represent household names like Marks and
Spencer, HSBC and BP and employ almost 6pc of the UK workforce, has
calculated that the Government took 56.6pc of their gross profits in taxes
last year, up from 48.6pc in 2008.
The …
Read the original article at Telegraph
