Firms which use sustainable practices in business should be rewarded by the chancellor with cuts in corporation tax, an accountancy company has said.
The Guildford branch of PFK is calling for the cuts as an incentive for other companies to become more eco-friendly, with a proposal of reducing tax to 25 per cent for businesses which are carbon neutral, the Surrey Advertiser reports.
"Business is tired of being harangued over its environmental performance by a government that has increased its tax burden and the level of red tape but given no financial incentive to improve," said Peter Jun Tai, PKF's tax partner.
He added that the government should provide more incentives for companies to make green investments and give them a target to aim for.
Gordon Brown sent a message to homeowners through the announcement of a stamp duty exemption for carbon-neutral houses; it is now time for him to do the same for businesses, Mr Jun Tai concluded.
Earlier this month, head of PC building company Dell told the Consumer Electronics Show in Las Vegas that IT should take the lead in environmental issues.
Do you agree that a cut in corporation tax goes far enough? Are there any other incentives that you'd also like to see implemented? Post your comments.
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