Mike Lomax examines the new approach to tax policy making set out in the Tax Consultation Framework
It is a commonplace observation among tax practitioners that the volume of tax legislation has increased dramatically in the past 15 years. The expansion of the volumes of Tolley’s sitting on their desks bears witness to this: or would do if most tax libraries were not now stored in the virtual electronic world.
But more challenging than a simple increase in the number of pages of tax law is the rate of change. Some have likened the same 15-year period in tax to a state of continuous revolution. I will comment in this article on these matters from the perspective of a practitioner working in banking taxation.
Recent changes affecting the banking sector
In just the past two years the banking sector has been subject...
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Mike Lomax examines the new approach to tax policy making set out in the Tax Consultation Framework
It is a commonplace observation among tax practitioners that the volume of tax legislation has increased dramatically in the past 15 years. The expansion of the volumes of Tolley’s sitting on their desks bears witness to this: or would do if most tax libraries were not now stored in the virtual electronic world.
But more challenging than a simple increase in the number of pages of tax law is the rate of change. Some have likened the same 15-year period in tax to a state of continuous revolution. I will comment in this article on these matters from the perspective of a practitioner working in banking taxation.
Recent changes affecting the banking sector
In just the past two years the banking sector has been subject...
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:
