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Tax Trends For 2005

Aidan O'Carroll, National Head of Tax, Ernst & Young, considers what the Pre-Budget Report can tell us about future corporate tax trends

 
Aidan O'Carroll National Head of Tax Ernst & Young considers what the Pre-Budget Report can tell us about future corporate tax trends
 
Gordon Brown's eighth Pre-Budget Report struck several familiar notes. Indeed the opening paragraphs were not so much an overture as one of those medleys which at the end of a musical reminds the audience of all their favourite numbers: almost every Brownian buzzword of the last few years deployed in a single barrage. Only 'prudence' was missing. The context for this Report was not the 2004 Budget or the 2005 forecasts: it was the Queen's Speech which began the process of setting out Labour's election offer. The...

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