Business warns on extra tax levy plan

Author: Financial Times   |  

Legislation to allow local councils to levy extra taxes on businesses, to be debated in parliament this week, could threaten the future of schemes in which enterprises help with the upkeep of their neighbourhoods.

Dame Judith MayhewJonas, who chairs London’s New West End Company – the largest such scheme – says the introduction of supplementary business rates would make many companies unwilling to continue funding projects responsible for the clean-up of town centres and industrial estates.

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