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Eversheds comment: Lucrative external capital investment should be courted not deterred by UK tax policy

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    Commenting on the CBI's warning that the Chancellor's tax assault on UK business risks undermining the economic recovery, Ben Jones, partner and tax expert at law firm Eversheds, says:

    “We've already seen some planned external investments that are so vital to business growth be pulled because of the impact of the living wage on underlying financial performance. This investment would have been used for essential business expansion and job creation, benefiting the UK economy.

    "Such external investment is a crucial part of the UK economy, providing capital with the express objective of driving growth. This capital is also highly mobile and the UK Government needs to ensure that it does not deter investment into UK businesses and the growth of the UK economy through overly complex or burdensome taxation and tax administration.”

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