Alistair Darling is to deliver a speech to the CBI tomorrow in a bid to
convince the group that the planned overhaul of the taxation of foreign profits
rules will not lead to companies heading out of the UK.
His address will come in the same week as the guest list for the business-
government tax forum on UK competitiveness is fleshed out.
Julian Heslop of GlaxoSmithKline, BP’s Byron Grote, Hanif Lalani of BT,
Duncan Tatton-Brown of Kingfisher, Unilever’s James Lawrence HSBC’s Douglas
Flint and Andrew Shilston of Rolls Royce are the finance chiefs that have been
given a berth on the board.
At the CBI meeting,Darling is expected to give assurances that the new rules
will not raise any extra revenue in any particular sector because some companies
may actually benefit from the changes while others shoulder a higher tax burden.
The Treasury told the FT: ‘There is no intention of widening the tax net and
using these proposals to increase tax revenues.’
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