Research conducted by the International Monetary Fund (IMF) has found that
flat tax does not increases revenues and is likely to scrapped in places where
it has already been introduced.
A number of economists have said that abolishing variable tax bands in favour
of a single rate will allow people to keep more of their money and incentivise
A number of countries in Eastern Europe have introduced the tax, and shadow
chancellor George Osborne has also toyed with the idea
The Observer reports that the IMF, however, warned that it was
likely that more countries would scrap the tax than adopt it, after a study of
eight economies that have used the model since the mid-nineties found that flat
tax did not increase revenues as it was meant to.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...