Although little detail has so far been revealed, the government is planning to "establish a modern a...
Although little detail has so far been revealed, the government is planning to "establish a modern and competitive business tax system" by reforming corporation tax regime, as well as simplifying corporation tax rules for employee share schemes.
The creation of a shareholder executive is being sought by the Department for Work and Pensions, continues Gordon Brown.
This will look at the role of non-executive directors.
And the Department for Work and Pensions will also conduct a review of Employer Liability Compulsory Insurance (ELCI) has also been announced, to cope with the growing premiums required from employers.
Brown said following a request from the Government, the Association of British Insurers (ABI) and trade associations are working to ensure "that affordable cover is available". The Government has engaged with a wide range of stakeholders including the CBI, TUC and ABI to discuss the long-term issues affecting ELCI.
In the hope it will encourage innovation and new business, the Government has designated 2,000 Enterprise Areas, which will see commercial stamp duty abolished.
A consultation will also be issued to allow local authorities in those regions to retain some or all of the increases in business rates revenue as a result of economic growth in their area. This is designed to encourage local authorities to keep developing the local business environment.
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