TaxCorporate TaxChancellor pledges competitive taxes

Chancellor pledges competitive taxes

Brown says he will offer stable and competitive tax system - and promises to consult more

The chancellor said the government would maintain a ‘stable and competitive’
tax regime last night, adding that he had asked HM Revenue & Customs to
consult more fully.

At his annual Mansion House speech, Brown said: ‘I will continue to look not
only at the competitiveness of our tax system but I have also asked HMRC to
ensure the administration of the tax system – its consistency, openness and
responsiveness – is founded on strengthened consultation and a better dialogue.’

There have been increasing calls recently not only for more consultation but
also for cuts to the corporate tax burden, given international competitiveness
concerns.

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