Link: Preview: Budget 2003
Loughlin Hickey, head of tax of KPMG, said the war could ‘get Brown off the hook’ from announcing unpopular measures to fund the rising tax deficit.
Hickey believes Brown can easily argue the war with Iraq is ‘distracting us at the moment’, while the total costs of war are not yet known but will significantly influence the Budget.
In that case, Brown will ‘keep this the shorter finance bill, and later in the year use the pre-Budget to introduce legislation. It is not usual to introduce legislation at the pre-Budget, but there are precedents,’ Hickey said.
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