However no specifics were given.
Letwin identified five areas of the tax system he regards as ‘manifestly unfair’. These include council tax, inheritance tax, stamp duty, income tax and national insurance thresholds and taxation of savings and pensions.
Capital gains tax, taxation of small businesses and environmental taxes were also three areas the Tories regard as ‘over complicated’.
‘Thinning down fat government is not merely an option but a moral necessity for the next Conservative government. It is the route to making Britain’s tax system simpler and fairer,’ Letwin told the Tory Bournemouth conference.
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