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.
Ceremony will take place 13 November
300 organisations signed charter
Tough year for the sector
Targeting annual yield of 4%