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News Release from: Federation of Master Builders (FMB) | Subject: Pre-Budget Report
Edited by the Buildingtalk Editorial
Team on 10 October 2007
FMB condemns business rate supplement
FMB say Chancellor's proposal to allow local authorities to set business supplement rate is yet another tax to penalise existing successful hard working businesses.
"The Chancellor's Pre-Budget proposal to allow local authorities to set a business supplement rate is yet another tax to penalise existing successful hard working businesses", says Brian Berry, Director of External Affairs at the Federation of Master Builders (FMB) in response to the Government's Pre-Budget Report Berry continued, "It is entirely wrong that small businesses should be expected to fund the gap in the Government's spending plans, in effect paying for the 2% cut in Corporation Tax"
"Once again we are seeing the Government robbing Peter to pay Paul by giving a tax break for large businesses at the expense of smaller ones".
"Previous attempts to allow local authorities to raise business taxes has always resulted in failure and been regretted later".
"We've been down this painful road before, why do we have to go down it again?".
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