They are talking about tax increases here in the USA by letting the Bush era tax cuts go Jan1st. They say it will hurt business and that they won't grow or invest in new business.
Perhaps it's the same over there with more taxes meaning less business growth.
GE general electric is a huge company with five billion dollars a year in profit and they pay no taxes with an offshore bank in Bermuda.
Big business knows how to save big money or else bribe someone