CBI report slams finance bill as ‘deficient’
Business leaders join chorus of dissatisfied critics of the finance bill, blaming it for a deficient tax system
has joined a chorus of critics complaining about parliament’s poor scrutiny of
latest finance bill, adding to UK’s deficient corporate tax system.
Last week’s finance bill will undergo clause-by-clause examination by a
committee of MPs who are likely to consider hundreds of amendments proposed by
opposition parties, backbenchers and ministers themselves, the Financial
But the effort is largely futile, according to a newly released CBI taskforce
The report concludes ‘it would not be unreasonable to say that, as a result
of technical complexity, length, lack of time, tight government control and a
lack of technical expertise, there is no genuine scrutiny of the finance bill
under the present system’.