CBI launches ‘tax taskforce’

A ‘tax taskforce’ has been set up by the
Confederation of British Industry with the
aim of helping to create a simpler and lower business tax regime.

It includes Christopher Morgan, head of international corporate tax at KPMG,

The CBI believes a simpler regime is necessary if the UK is to continue to
enjoy economic prosperity.

, director general of the CBI, said the globalisation and the
increasing mobility of multinational companies meant that national governments
had to rethink their tax policies.

Among other things the taskforce will propose new ways of taxing company
profits, whether they are generated in the UK or overseas, and it will explore
whether business tax harmonisation might benefit British companies that trade in
different countries.

Further reading:

CBI calls for Brown to cut corporation tax

Brown under fire over CBI tax credit claim

CBI objects to scrapping of pension tax credits

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