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Just a thought...

21 July 2015 / Jason Piper
Issue: 4510 / Categories: Comment & Analysis

The need for greater stability in tax.

Today’s world changes faster than most legislatures can update their tax law and the newly elected Conservative government recently outlined the steps they will take to crackdown on those who abuse the system. But the importance of an efficient tax regime to individuals and society is so great that it should not be treated as a short-term political football. It is the bedrock of constitutional funding and should be recognised as an integral and pervasive element of every business and individual’s environment. A good tax system will benefit both a government and its populace; a poor one will disadvantage individuals and business with impacts far beyond the tax system itself.

Necessary changes?

Over time tax systems have been subject to rigorous change and development. So much so that the rules and related guidance run to...

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