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

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