Paul Morton (The Office of Tax Simplification) reports on the tax issues that the OTS has considered over the last two years and some future strategies.
Edmund Burke the great political theorist said: ‘The only thing necessary for the triumph of tax complexity is for good men and women to do nothing.’ At least if he had lived long enough to see the Income Tax Act of 1799 he might have said that. More recently Churchill almost said: ‘We contend that for a tax system to try to simplify itself is like a man standing in a bucket and trying to lift himself up by the handle.’ There are many reasons why new complexity has had to be introduced often in the name of fairness but very few reasons why we should go to the trouble of removing a specific feature at any...
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Paul Morton (The Office of Tax Simplification) reports on the tax issues that the OTS has considered over the last two years and some future strategies.
Edmund Burke the great political theorist said: ‘The only thing necessary for the triumph of tax complexity is for good men and women to do nothing.’ At least if he had lived long enough to see the Income Tax Act of 1799 he might have said that. More recently Churchill almost said: ‘We contend that for a tax system to try to simplify itself is like a man standing in a bucket and trying to lift himself up by the handle.’ There are many reasons why new complexity has had to be introduced often in the name of fairness but very few reasons why we should go to the trouble of removing a specific feature at any...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
