Chas-Roy Chowdhury calls for Gordon Brown to establish a tax board that would have a role similar to that of the MPC, reacting to economic conditions in setting tax rates
Accountancy Age, 13 Jul 2007
ACCA's tax chief has challenged Gordon Brown to set up a panel of experts that would have responsibility for setting the UK's tax rate.
In a column in the Daily Mail, Chas Roy-Chowdhury said that a tax board should be set up, which would have a similar mandate to that of the Monetary Policy Committee.
ACCA's head of taxation believes the move will give a greater insight into the complexities of setting tax rates and provide greater transparency.
Roy-Chowdhury said: 'With a TPC, we believe tax policy decisions would, like the MPC, be more effective, open, accountable and free from short-term political manipulation.'
He added: 'Because tax is complex, it regularly confounds personal and business tax payers; from small firms to large businesses. Successive Budgets and subsequent finance bills are pulling the tax system along the path to even greater complexity.'
Further reading:
Juggling retail outlets, NHS contracts and shrinking prescription revenues is...
Comments
Have your say on this article