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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements