With a UK recession in full swing, and government revenues under pressure
like never before, KPMG is calling for tax reform to make the UK a more
attractive place to do business.
It wants the government to reduce the level of complexity and uncertainty in
the tax system and introduce a specific regime for intellectual property to
attract such businesses to the UK.
The firm concedes that addressing these concerns ‘presents a major challenge’
in the current climate. It hopes that new initiatives might be included without
exacerbating the complexity of the existing system.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group