KPMG wants simpler tax system in Budget
Focus should be on improving UK's attractiveness for business
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.