.png)
.png)
Is tax simplification possible? RICHARD CURTIS reports on the debate of this year’s Wyman symposium
KEY POINTS
- To what extent might the tax system be simplified?
- Fairness may have to be sacrificed for simplicity’s sake.
- Is the temptation of politicians to ‘do something’ too much?
- What areas are suitable for simplification?
- Complexity in tax can create loopholes.
The title of the ICAEW Tax Faculty’s 2012 Wyman symposium was ‘Promises promises. Is tax simplification really achievable?’
Rebecca Benneyworth chaired the debate but before introducing the speakers she attempted to answer the question herself having that morning attended – on behalf of the faculty – a meeting on the implementation of the child benefit tax charge.
She did not go into great detail but the experience had apparently left her determined to chain herself to some railings – even if she had to go...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
