Overhaul system to tackle avoidance

Overhaul system to tackle avoidance

Institute of Directors wants rethink on tax system

The tax system should be redesigned to prevent tax avoidance, the Institute
of Directors has said.

Hitting out at government attempts to moralise the tax avoidance debate, the
IoD said the key was the system.

‘The key is to re-design the tax system so that it does not draw artificial
boundaries between things that are close commercial substitutes. Any such
boundaries create pressures when there is less tax to pay on one side of the
boundary than on the other. Tax avoidance schemes are created to exploit the
boundaries,’ the IoD said in a
policy
paper
on the subject

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource