The MailOnline reports:
A VAT hike in the forthcoming emergency budget would be the lesser of various evils, business leaders have declared.
According to a survey by KPMG, 61pc of chief executives say if taxes have to rise, then a VAT rise would be the best option.
A National Insurance increase is the least preferred option, according to 202 executives polled for the accountancy firm by opinion Leader research.
This would be my personal too. At least it would be paid by honest tax payers as well as tax cheats!
The article continues:
Separately, the British Chambers of Commerce urged the coalition to drop plans to ring-fence health and overseas aid spending, saying these are 'unsustainable'.
It also cautioned the chancellor against rushing ahead with the abolition of tax allowances on investment in order to fund a corporation Tax cut.
This requires 'careful study,' the lobby group said.
Posted by Joe Martin providing business services for small businesses and the self employed. Find me at joemartin.co.uk
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