Intersection of tax and politics

On 13 March the CIOT and ATT London Branch organised a panel event on how politics can influence tax policy. We have brought together some points from the discussion into our article below. This was written by agreement on the Chatham House basis and our thanks go to the fascinating panel Dan Neidle of Tax Policy Associates Ray McCann currently leading the independent loan charge review and past president of the CIOT and Ellen Milner director of public policy at the CIOT.

There was considerable discussion of what good and bad tax policies look like and what can be done in the design and compliance phases. Below we represent this as a policy design timeline and we share some of the observations of our panel on what can make for good and bad policies. The research and development (R&D) scheme was...