CIOT members, other tax professionals and anyone else with an interest in how tax policy is made, are invited to comment on a new paper published by CIOT, the Institute for Government and the Institute for Fiscal Studies.
A panel of experts debated the role of the tax system when it comes to pensions and savings, in the latest CIOT/IFS collaboration at the RSA in London. The debate was chaired by the charismatic Paul Lewis, presenter of Radio 4’s Money Box.
Chancellor George Osborne’s plan to cut corporation tax to less than 15 per cent in the future is the first significant move on taxation that is related to the Brexit vote. It further differentiates the UK from the average rate of 25 per cent in the world's most developed countries.
Moves for greater transparency and openness in taxation to restore the public’s trust in the system are not an end in themselves. What really matters is the kind of information we collect and its practical value, and whether or not it is acted upon when it does become available.