This book explores one way in which a tax system might help promote competitiveness and sustainable development. Focusing on the UK corporation tax, it recommends the introduction of a Resource Productivity Tax Credit, where resource productivity is defined as the money value of outputs relative to the money value of material resource and non-renewable energy inputs. The book is structured such that it first explores the legal mandate to promote competitiveness and sustainable development as contained in article 3(3) of the Treaty of the European Union. It then explores what competitiveness and sustainable development actually mean, particularly in an EU policy context, through the lenses of Europe 2020 and the EU Sustainable Development Strategy. It concludes that not only is there a great deal of common ground between competitiveness and sustainable development, as objectives, but that increasing resource productivity is a necessary means to those shared ends.Unlike SMEs, large companies are, in general, precluded from relief in relation to expenditure on Raamp;D contracted to other ... any Raamp;D undertaken by an SME should vest in that SME was removed from the SME scheme by Finance Act 2012 .
|Title||:||The Taxing Road to Sustainable Growth: Resource Productivity and Corporate Taxation|
|Author||:||Mark Bowler Smith|
|Publisher||:||IBFD - 2013|