The Business Council of Australia (BCA) has urged the government to slash corporate and income taxes, while raising GST, in a bid to maintain revenue and promote economic growth.
The British Retail Consortium (BRC) has published a report calling for a new energy tax, which will act as an alternative to the “out of date” business rates system.
David Gauke, Exchequer Secretary to the Treasury, has rejected a 15 percentage point cut in VAT for the tourist sector, despite evidence it will boost GDP, create jobs and increase fiscal revenue.
