CUT PURCHASE TAX, SAY F.B.I. A REDUCTION in the general
5th February 1954, Page 42
5th February 1954
Page 42
Page 42, 5th February 1954
— CUT PURCHASE TAX, SAY F.B.I. A REDUCTION in the general
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rates ti of purchase tax has been recommended to the Chancellor of the Exchequer by the Federation of British Industries, who say that special consideration should he given to particular classes of goods on which manufacturers can prove that the tax presses with "killing effect," or where export trade is at stake.
The Federation also wish anomalies in the imposition of profits tax may be removed when a company wants to distribute the compensation received for the nationalization of its business or part of it.
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Federation of British Industries