tax labyrinth

Tax Labyrinth

Is there a way out of the tax labyrinth?

> Chas Roy-Chowdhury, ACCA’s (the Association of Chartered Certified Accountants) head of taxation today launched a new discussion paper called Is there a way out of the tax labyrinth? The paper recommends establishing two groups to help the Tax Law Rewrite Project’s (TLRP’s) extensive remit, which would work in parallel to and share information with the TLRP about tax policy in the UK. The umbrella term for the new ground breaking tax organisation, which ACCA first proposed in the year 2000, would be the Tax Policy Committee (TPC). The first of the new bodies within the TPC would be tasked with simplifying existing tax legislation, with targets for reduction of legislation to remove burdens and unnecessary administration. The second body should then be responsible for pr... »