25 Jan 2012
CONSERVATIVE MP Ben Gummer will today call on the government to introduce taxpayer statements explaining to people how their taxes will be spent.
Gummer's proposal would see taxpayers get annual statements showing how much tax they will pay in the current year and the year to come as well as how money will be divided by and within Government departments, Money Marketing reported.
Further reading
Data in the statement would be based on Budget statements, p60s and tax returns. Around election time he says it could also include information on opposition plans, according to the trade magazine.
Gummer, who is the son of the former Conservative agriculture minister john Gummer, told Money Marketing: "There is far too much obscurity in the tax system. Throwing into sharp relief the reality of how tax take is actually spent will make it much clearer and shift public debate."
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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