BUSI2034 Lecture Notes - Lecture 3: Flybe, Pay-As-You-Earn Tax, General Data Protection Regulation
Document Summary
Lufthansa announced a 50% drop in capacity. Employees asked to take vacation at reduced pay or unpaid leave. Internationally competitive tax rate (corporation tax is the joint-lowest in the. G20 at 20%, which is further reduced by up to 100% for work related to r&d, and tax on patents is just 10%) 4. 8 million sme businesses employ 24 million and have a combined turnover of 3. 1 billion. The economy is made up of 99 per cent of small businesses. Greatest growth - the south west and north east of england. London has the most private sector business (32 per cent), and has more firms than any other region in the uk. The agriculture, forestry and fishing sector is the largest sme employer. Businesses related to service industries were accountable for 78 per cent of employment. Biggest net exporter of financial services in the world nearly bn ahead of the usa.
