The manufacturers' organisation, the EEF, is calling for corporation tax to be revised if the government's plan to rescue the ailing economy by supporting the manufacturing sector rather than the financial services is to make an impact. The report, published today by the EEF, deems UK corporation tax as 'not fit for purpose' as it says is not fit for the current age and is 'actively constraining manufacturers' investments'. A panel of advisers at the EEF say that the government must come up with a much more coherent tax strategy that will explicitly be aligned with the manufacturing strategy. This is to encourage inward investment from domestic companies in the UK. Chief Economist at the EEF, Steven Radley said that the current treatment of capital expenditure doesn't reflect advances in technology or the investments manufacturers need to keep competitive. 'The rising administrative and compliance burdens placed on business, the attitude of the tax authorities and uncertainty over the direction of tax policy all add a premium to doing business in the UK,' he added.