Angry SME's

SME owners are angry with UK Chancellor Gordon Brown. Why?  Corporation Tax for small UK companies is going up in stages from 19% to 22%. 

Check out the recent BBC article on the tax rises.  The comments are from real people at the sharp end running their businesses. 

Raising taxes is never going to popular, but raising taxes for the small companies whilst corporation tax is going down for the large companies is rubbing it in.  Cushioning the blow are accelerated tax allowances on capital expenditure, but not all small companies need substantial capital expenditure each year.

The real pity for me is the lack of a strong voice for SME's.  You can bet there would certainly be a lot more uproar if the increases hit the large companies instead of the small. 

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