Reduce Tax on re-invested profits to 15%

Reduce Tax on re-invested profits to 15%

Reduce the rate of tax on profits that are re-invested in the company to 15% (subject to a set of investment conditions).

Points

Real economic growth is spurred by investments and the more businesses use their funds to grow the business the more income is generated for the investors, the sate plus it is a primary source for job creation. Whilst ensuring that proper checks and balances are in place these schemes should remain accessible. Many a times the administrative burden and cost linked to these incentives makes them unattainable.

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