The initiative came as part of the chancellor’s statement on a referendum for the euro this week, which delayed a decision until the Budget in 2004.
In August 2000, Chas Roy-Chowdhury, head of tax at ACCA, wrote in Accountancy Age calling for a body to ‘monitor and propose tax legislation’.
A year later, John Whiting, then president of the Chartered Institute of Taxation, announced he would campaign for the creation of a tax policy committee that carried out similar work to the MPC’s management of interest rates.
During his euro speech on Monday, Brown proposed setting up a ‘regular fiscal stability report … ensuring that fiscal decisions are fully transparent and accountable’. The report would be published on a pre-announced timetable and would form part of the chancellor’s wider fiscal policy.
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes