3.2 C
New York

UK must reform, not ramp up taxes, group of MPs and experts warns

Published:

UK must reform, not ramp up taxes: All Party Parliamentary Group for Anti-Corruption and Responsible Tax urging Government to make system fairer

Britain must deal with tax reform and enforcement before ramping up levies, a gaggle of MPs and experts has warned. 

The All Party Parliamentary Group (APPG) for Anti-Corruption and Responsible Tax is urging the Government to make the tax system fairer, as Chancellor Jeremy Hunt considers a swathe of tax hikes to fill the £40billion hole in the general public purse. 

Reform: By simplifying taxes, and focusing more resources on pursuing tax avoiders, the APPG thinks the Treasury would give you the option to drag in additional cash

By simplifying taxes, and focusing more resources on pursuing tax avoiders, the APPG thinks the Treasury would give you the option to drag in additional cash without necessarily increasing the general burden on businesses and households. 

Tory MP Kevin Hollinrake said: ‘HM Revenue & Customs chief executive Jim Harra recently [said] that it collects £26 for each £1 spent on enforcement, so why don’t we spend loads more? 

‘And whilst we’re at it, spend more on prosecutions, particularly of the advisers.’

Commercial

POPULAR MONEY SECTIONS
Take me to…

sportinbits@gmail.com
sportinbits@gmail.comhttps://sportinbits.com
Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles

spot_img

Recent articles

spot_img