A new report by
Ernst & Young
has warned that the UK is in danger of becoming less competitive because of its
complex and uncertain tax regime
The firm said a key way to improve tax revenues would be if the government
and HM Revenue & Customs were less adversarial with business.
Britain Thrive’, it said Britain was becoming less attractive as an
investment destination, getting 18% of foreign projects in 2005, compared with
31% in 1997.
It also singled out the UK’s
corporate tax rate as cause for concern – it is now the 18th lowest out of
countries in the Organisation for Economic Cooperation and Development (OECD),
compared with the 10th lowest in 2000, it said.
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
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
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