Despite the wide range of tax relief available, over two thirds of UK technology companies do not believe the current tax regime fuels enterprise in the UK, according to a survey conducted by PricewaterhouseCoopers. Its survey found that measures introduced in the 2009 Budget are not reaching the majority of the domestic …
Tax? ..... Is that the Something for Nothing which IMPoverishes with Phishes?
"Many UK tech companies assume they are not at the cutting edge of technology, therefore don’t apply, but are actually entitled to that all-important relief," said Murphy.
When a new company at the cutting edge of technology, there are always the perennial Catch 22 Problems of retaining and not disclosing the Proprietary Intellectual Property to Funding Third Parties which Enables and Drivers a new Innovative Business, whether they be in the Private Banking or Public Government Sector, so at to Maintain and Ensure the Advantage of a Controlled and Controlling Powerful Exclusivity, ..... and such Parties who may have Vested Establishment Interests in a new Technology not replacing something, which may replace their Own. And there is also the possibility that they would be not intelligent enough to understand what snippets they may be fed or they may even choose not to believe what can be done.
If those sitting in judgement of a Valuable New Process are not equipped to understand it because they do not possess the Intelligence needed, and how stupid do you have to be to lose trillions parcelling up toxic collateralised debt and selling the packages to friends and acquaintances and businesses and pension schemes etc. as AAA rated packets of great future value, then you will recognise the dilemma, which will invariably be solved with an explosive surge which will sweep away the blockage and Create Thoroughly dDeserved Fortunes for Spending and Re-Energising Markets and Industry with Something Completely Different and Really New in Virtual Fields.
Ps ..... You might like to imagine that amfM would know more than a little about such a subject/object lesson :-)
Maybe if the big accountancy firms stopped trying to find ways to weasel out of paying taxes to sell to their clients then the Exchequer wouldn't have to take more off those that do pay up.
Just a thought.
"nearly 80% have not taken advantage of environmental relief"
Not surprised, never heard of it. Any more info, anyone?
Isn't that when you stop by the roadside for a crafty hedge-based pee?
RE: Tax "efficiency"
Perhaps if the Exchequer *Simplified* the tax system instead of constantly adding extra rules, credit systems, etc, then there would be less opportunities for the accountants to avoid paying taxes, and we could get closer to the idea that everyone paid their fair share.
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