Tax policy will be crucial in shaping the relative competitiveness of the UK
in financial services, a new report shows.
The Financial Services Global Competitiveness Group’s report says the UK can
only continue to provide an attractive location for international financial
institutions if it maintains a stable and competitive tax system.
The industry group has been examining medium and long-term challenges to
London’s success as a financial services centre since June 2008. It is
co-chaired by Chancellor Alistair Darling and former Citigroup Chairman Sir Win
The report found that a stable and effective tax regime needed to have
certainty and simplicity, as well as ensuring a broad tax base. The industry
should move away from a ‘binary discussion on tax rates,’ it added.
News that he considers recent capital gains tax reforms to have been
destabilising to the UK tax system.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges