We are going through a period in which the whole issue of tax policy has come to the fore in a way that was barely thinkable 20 years ago.
That policy has to be developed in the face of difficult market conditions across the globe growing internationalism of business and tax competition between sovereign states.
Pressure on the government to reduce headline tax rates to make the UK attractive struggles against the pressure on it to raise revenues and to do so in a way that spreads the burden ‘fairly’ among taxpayers.
At the same time there is a push to reform and simplify tax whilst narrowing the tax base to more territorial limits and keeping the...
