Tax lobby group, the
Justice Network , has pointed the finger at aggressive tax
avoidance for the increasing load of tax legislation.
In a report, the group found that 41% of all new tax legislation was targeted
at blocking tax avoidance. The report looked at the purpose for enacting every
section and schedule of all 1503 pages of tax legislation in the
Acts passed in the period 2004 to 2006.
It found that just 48 pages dealt with routine issues like tax rates, 841
were the result of government-driven initiatives and 614 were anti-avoidance
Lupson-Darnell , who conducted the research, said: ‘The tax
avoidance industry and tax advisers in general are constantly complaining about
the volume of legislation they have to contend with. However, this research
shows that they and their clients have to take a lot of the responsibility
Lupson-Darbnell said companies could ‘continue camping over the boundary’ of
what the government considered acceptable, or ‘retreat to more compliant
pastures and see the volume fall’.
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