In an interview with the
FT Osborne said the cost of the measure, around £4.5bn, would
be paid for by phasing out various capital reliefs that are currently available.
‘We’re confident that we can achieve this as part of a major reform of
corporation tax. This is an entirely self-contained, and self-financing
simplification of the business tax system,’ Osborne said.
It has been suggested that the Tories have publicised this policy before the
Budget because the fear that Brown will introduce a similar change to
corporation tax, and want to take the plaudits for the bold shift in business
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states