Steve Edge of Slaughter and May assesses progress during Labour's tenure of office in the great tax reform project
The first series of tax announcements under a new chancellor after ten years of Gordon Brown is a good time to take stock and assess the immediate challenges and prospects for business taxation.
The way things were
During the 1960s and 1970s income tax rates were breathtakingly high corporation tax was introduced capital gains tax also came in and the dividend regime was changed from a withholding tax system to an imputation system with ACT making such a huge planning problem for UK multinationals who earned most of their profits outside the UK.
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Steve Edge of Slaughter and May assesses progress during Labour's tenure of office in the great tax reform project
The first series of tax announcements under a new chancellor after ten years of Gordon Brown is a good time to take stock and assess the immediate challenges and prospects for business taxation.
The way things were
During the 1960s and 1970s income tax rates were breathtakingly high corporation tax was introduced capital gains tax also came in and the dividend regime was changed from a withholding tax system to an imputation system with ACT making such a huge planning problem for UK multinationals who earned most of their profits outside the UK.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
