Political parties must lay out their tax credentials
BDO Stoy Hayward calls on the UK's political parties to be up front about their tax policies, as an election draws ever closer
The leading political parties must break their silence over their tax
strategies, urged
BDO Stoy
Hayward.
In the firm’s report, Time to break the silence, BDO finds that the Treasury
requires an extra £25bn to fill a hole in its coffers, and proposes options for
Labour, the Conservatives and the Lib Dems to take.
“This time the scale of the issue means that it is simply unacceptable that
the public should be expected to await an inevitably febrile three week election
campaign; this is not sufficient time for reasoned debate on tax strategy,”
Stephen Herring, senior partner BDO Stoy Hayward.
“We call for all three parties to share their projected tax policies now so
that businesses, individual taxpayers and the consumer can become part of the
debate. Tax increases are seldom welcome but some increases are much worse than
others.”
Find out more about the report
here.
Further reading:
UK signs tax agreement with the
Swiss