The Treasury Committee has launched an inquiry into Britain's tax policy to find out how it can be used to encourage economic growth.
The Chancellor has said he wants to reform Britain's tax system in a bid to reduce the burden of red tape on businesses and attract more international investment. In July he set up the Office for Tax Simplification to analyse "potential reform options". This week's consultation follows recent separate reports on tax policy principles from the Organisation for Economic Co-operation and Development (OECD) in Paris and the Institute For Fiscal Studies in London. The OECD reports tax systems should aim to "distort" economic incentives as little as possible. It names corporate taxes as ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes