TITLE

Brown's crafty strike at small business

AUTHOR(S)
Harrison, Mike
PUB. DATE
May 2007
SOURCE
Farmers Weekly;5/4/2007, Vol. 146 Issue 18, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author focuses on the increase in small business corporation tax rates announced by Chancellor of the Exchequer Gordon Brown of Great Britain. Under the change, small companies will experience a rate increase of 21% for 2009 and 22% for 2010. He mentions that the increase will greatly affect small businesses since they only generate profits not greater than £300,000 a year. The Chancellor has issued a new level of investment allowance to mitigate the effects of the tax increase.
ACCESSION #
25425133

 

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