John Whiting has set the tone for his term as president of the Chartered Institute of Taxation by saying he wants to work for a tax policy committee to mirror the work of the monetary policy committee.
This is an interesting idea and one that deserves exploration. But it is not entirely new. Chas Roy-Chowdhury, head of taxation at ACCA, has advocated the very same measure in articles for Accountancy Age.
Whiting’s hope is that a critical mass of support for reform of our unthinkably complicated tax system can be created. He freely admits that he has not worked out all the final details of the policy committee but if he at least persuades government to start the ball rolling on reform of the tax system he will have achieved a great deal.
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