This consultation document seeks views on a proposal for a new tax credit for community investment. This follows the report by the Social Investment Taskforce before the November 2000 Pre-Budget Report. The goal is to help transform our most disadvantaged communities – by making enterprise a key driver of regeneration. The aim of the tax credit would be to attract greater flows of private investment into enterprises in these communities – but to do this in a way that also helps to build skills and capacity, to promote long-term success.
The document explains:
• the case that the Government sees for taking action
• why the Government is suggesting a tax credit
• how in practice the tax credit might operate
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