SOME small firm owners are willing to pay more tax if it meant the Government simplified the UK tax system.
Research by Cheshire-based small firms lobby group, the Forum of Private Business (FPB), found that 57% of business owners would pay more to effect change, providing the system led to greater rewards.
And 50% said they would be prepared to pay more under a simplified system if that system cut down on tax avoidance among their competitors.
Tax avoidance is typically carried out by bigger businesses with the resources to exploit geographic loopholes.
Phil Orford, FPB chief executive, said: “We desperately need reforms that incentivise small business growth.”
