James Dyson is wrong to say the government has ‘piled tax’ upon businesses
There are signs of pushback against plans to increase business taxes that the government needs to consider carefully. Britain is losing important opportunities – but Sir James is in no position to lecture anyone, argues James Moore
It’s just what the business lobby needed as the debate over the government’s planned tax rises heats up: a polarising Brexiteer billionaire who shifted his corporate HQ to Singapore sticking his oar in.
Yes, Sir James Dyson is back in the news.
In a letter to chancellor Jeremy Hunt – seen by The Sun – the entrepreneur and engineering whizz has warned of the “unintended consequences” of hiking corporation tax from 19p to 25p and of bringing in a new global levy on multinationals (something agreed on by the Organisation for Economic Co-operation and Development (OECD) as well).
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