Corporation tax to be reformed

Although little detail has so far been revealed, the government is planning to "establish a modern and competitive business tax system" by reforming corporation tax regime, as well as simplifying corporation tax rules for employee share schemes. The creation of a shareholder executive is being sought by the Department for Work and Pensions, continues Gordon Brown. This will look at the role of non-executive directors. And the Department for Work and Pensions will also conduct a review of Employer Liability Compulsory Insurance (ELCI) has also been announced, to cope with the g...