PRESS ENQUIRIES TO: Sam Dabbs on 07711 672893
Will the UK’s new 50 per cent income tax rate for high earners raise the additional revenue the government needs to restore its balance sheet? Or will the higher tax rate prove counterproductive by encouraging owner managers to sell their business, work less or move elsewhere? And will the government’s next move be to raise capital gains tax?
These are the questions that Clearwater Corporate Finance is asking entrepreneurs in its new online survey. Phil Burns, partner with Clearwater says: “The government is hoping that the new higher income tax rate due to come into force in April 2010 will help it claw back lost tax revenue caused by the recession.
“However anecdotal experience from the 1970s, when income tax rates reached 80 per cent or more, suggests the effect could be counterproductive. And if higher tax does fail to raise the desired amount, the government may have to look for other ways to raise revenues. We’d like to know what business owners, managers and advisers think about these issues and gather an informed body of opinion.”
To give your opinion, visit http://www.clearwatercf.com/countdown.asp and click on ‘Take part in the survey’ at the bottom of the page.
Notes to Editors
Clearwater Corporate Finance is the leading independent corporate finance house in the UK with an exceptional track record of over 300 completed transactions. We advise on all aspects of corporate finance transactions from mergers and acquisitions (M&As) and company sales to management buy-outs (MBOs). Our clients include management teams, owner-managers, private equity firms and large corporates. We differentiate our service through our:
Independence – as we are not linked to any larger financial institution or consulting firm, we can provide objective advice without any potential conflict of interest.
Cross-border capability - the close communication between our four UK offices and the 60 member firms in IMAP, our exclusive partnership of international M&A firms, makes us a natural choice for cross-border transactions.
Sector expertise - our global sector teams offer clients a unique insight into M&A opportunities across the world.
Research and origination - with 25 per cent of staff focussed on these activities, we offer a market-leading capability to identify strategic opportunities for clients.
Excellence - we are committed to excellence in our service delivery and each client project is managed in a bespoke manner.
Commitment - as an owner-managed, partner-led firm, we guarantee a high level of partner involvement. We take a long-term view to build trust and lasting relationships.
The size of our team and the deals we advise on make us the most active independent corporate finance house in the markets in which we operate.
Press enquiries to:
Dabbs PR & Marketing
T: 01939 210503 or 07711 672893