Startups Slam UK Finance For ‘Dangerous’ Tax Penalty Proposal
A proposal to penalize UK startups that take advantage of state support and then list abroad of has been called “dumb” and “dangerous” by a group representing early-stage companies.
UK Finance, which represents the financial services industry, said in a policy paper that the next government should consider ways to claw back some or all tax breaks and other incentives if a startup “ultimately chooses to list, or move valuable operations, outside the UK.”