15th September 2008
Liberal Democrat Tax increases would harm investment community APCIMS warns
Commenting on Vince Cable, Liberal Democrat Shadow Chancellor’s speech at Liberal Democrat Conference David Bennett CEO of APCIMS said:
“At a time when the average savings profile is under threat political parties should be working towards encouraging savings and investments.
“We would welcome tax cuts in the lower tax band, but any increase in taxation in the upper tax band will negatively affect investment in UK stocks and shares at a time when we need to encourage stability.
“Increasing the taxation on higher rate tax payers is also likely to cause our wealthiest residents to relocate in more advantageous tax environments, which in turn would negatively impact the economy.”
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Notes to the Editor
David Bennett is available for interview at Liberal Democrat Party Conference
For more information please call:
Dirk Paterson
APCIMS, Head of Communications
Work: 0207 448 7100
Mobile:
07507 855 428