CBI calls for tax system tweaks

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Business chiefs today called on the UK government to make “targeted changes” to the tax system in order to boost infrastructure and create jobs.

Publishing a tax review, the CBI said ministers should avoid making further major changes to the revenue system. It argued the case for making several small targeted improvements, including introducing capital allowance for infrastructure investment and a cap on business rates.

Chief policy director Katja Hall said: “The government has taken action to make the tax regime more competitive and now needs to let the changes bed down. Constant chopping and changing of the rules risks scaring off business investors.”