Mulberry slams tax rate

first_img Mulberry slams tax rate MULBERRY chief executive Godfrey Davis has blamed the stringent rates of tax for his refusal to open a second factory in the UK. The leader of the luxury goods retailer, famed for its handbags, said he had been put off opening a second plant to supplement Mulberry’s Somerset factory due to the impact of rising national insurance rates.“Over the past 10 years the political and economic climate has not been conducive to investing in the UK,” Davis said in an interview with Drapers magazine. Godrey called on the government to introduce “NI holidays” for manufacturers, saying an ongoing tax break would be a greater incentive than traditional golden handshakes used to attract manufacturers from overseas. Employer NI contributions are set to rise to 13.8 per cent from 12.8 per cent for those earning more than £136 a week in April. whatsapp Show Comments ▼ Thursday 24 February 2011 9:05 pm KCS-content Share whatsapp Tags: NULL Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img

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