Tim Sarson (KPMG) identifies three areas where the Budget leaves the tax system incomplete to the extent that it may undermine the government’s core policy priorities.
Immediately after the chancellor stood down last Wednesday I got together as usual with my tax policy experts to try to work out what we’d just heard and what it meant. Instant reaction to Budgets is a mug’s game: they always sound good on the day but it’s over the next 48 hours as the details sink in that the true meaning of what was (and was not) announced starts to become clear.
I commented on social media on Wednesday afternoon that the road ahead for business taxation – for there is now some semblance of a road ahead more than for some time – looks rather heavily potholed.
At its heart were two quite radical changes: a hike...
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Tim Sarson (KPMG) identifies three areas where the Budget leaves the tax system incomplete to the extent that it may undermine the government’s core policy priorities.
Immediately after the chancellor stood down last Wednesday I got together as usual with my tax policy experts to try to work out what we’d just heard and what it meant. Instant reaction to Budgets is a mug’s game: they always sound good on the day but it’s over the next 48 hours as the details sink in that the true meaning of what was (and was not) announced starts to become clear.
I commented on social media on Wednesday afternoon that the road ahead for business taxation – for there is now some semblance of a road ahead more than for some time – looks rather heavily potholed.
At its heart were two quite radical changes: a hike...
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:
