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The Tax Code Must Die

January 27th, 2016 Posted in Tax by

This article on The Poke did make me chuckle:

Screen Shot 2016-01-27 at 16.42.41

It does, however, raise the point as to why what companies have to pay in Corporation Tax is open to interpretation. The Tax Code is a convoluted mess; it’s how the UK hides it’s corruption. What a company has to pay can be argued up or down – so naturally companies hire accountants to argue their tax bills down. Why not? I would.

The whole Tax Code needs to be ripped up and written again. The simpler, flatter, more transparent, and lower taxes are, the less they will be evaded.

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