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The scope of the Treasury committee’s inquiry into how tax policy is made, how tax collection is administered and how to address the vulnerability of the tax base.
The House of Commons’ Treasury committee has recently launched an inquiry into the tax system.
Only in the past six years of its 35-year life has the committee done much on tax. Perhaps it is because tax is at the heart of politics particularly party politics that successive incarnations of the cross-party Treasury committee have decided to leave it alone.
All that changed in 2010 when the committee took a closer look. In March 2011 it published The Principles of Tax Policy. That report for the first time set out an agreed framework for assessing whether the government is travelling in the right direction with tax reform. The current inquiry – Shifting Sands – will develop that work.
The 2011 report identified six principles of tax policy. It should:
- be fair;
- support growth and encourage competition;
- provide certainty...
