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| SMEs 'would accept higher taxes in return for a simpler system' |
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| Latest Recruitment News - Office Recruitment News |
| Written by DirectNews Feed |
| Wednesday, 19 January 2011 00:00 |
 The majority of small and medium-sized enterprises (SMEs) in the UK would be willing to pay additional taxes if this meant the country's system became simpler.That is if the findings of new research conducted by the Forum of Private Business (FPB) are anything to go by, as the organisation has discovered that some 57 per cent of all companies across the UK would accept larger outgoings on tax in return for a reduced amount of legislative red tape. In addition, 50 per cent of all SMEs indicated this would be the case if there was a higher level of action taken against their larger counterparts that commit tax evasion. Phil Orford, chief executive of the FPB, commented: "The cost of complying with Britain's hugely complex tax system is such that, if simplification and profitability result, most businesses believe a little more tax would be a price worth paying." Meanwhile, the government recently confirmed the schedule for the abolition of the default retirement age. Posted by Daniel Frost 
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