22.10.03

The CBI (Confederation of British Industry) announced that it is furious with the UK government over the UK business tax burden. It says that ... the country's main company taxes stands at around 9% of GDP, above the average of its main trading rivals. . Then the CBI goes on to say The report says the UK is not that different from Germany, where business taxes are 10.1 % of gross domestic product. But worse than the US with 7.3%, with only France taking a significantly higher share of national income, at 14.4%. Well, I reckon the average so far is 10.6% so the UK is doing well. That's an example of how NOT to present an argument: sorry CBI, must try harder! In its defence, The Treasury has criticised the report's calculations and accused the lobby group of being contradictory. Treasury 1 CBI 0 DW

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