Business issues

Tax

The UK needs a competitive tax regime if it is to prosper in an increasingly globalised economy

Tax touches on almost every aspect of business and has a major impact on decisions and behaviour. So the tax regime must be kept under continuous review and reformed strategically to enhance the UK's competitiveness. In today's world of global markets, companies have many more choices to make about where to invest their capital and their talent than they did in the past. Business tax is one of the most important - and easily measured - considerations that firms have to take into account. Key principles of a reformed, competitive tax system should be simplicity, certainty, flexibility and neutrality.