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Office of Tax Simplification:
Ensuring Britain is open for business

UK growth, jobs and tax take can all be boosted by changing areas of the tax code which have become distorted by a ‘paranoia’ about avoidance. The rules around Controlled Foreign Companies, REITs, Stamp Duty Land Tax have become too complex, contradictory and fail to encourage investment into the UK.  

Also, the government’s desire for financial services firms to reward staff in ways which incentivise them over the long term is being undermined by its own rules on share remuneration. While it is ‘inevitable’ the number of green taxes will increase it is vital that environmental incentives are retained and where possible increased.  

As the largest and broadest based tax practice in any City law firm, we have detailed our thoughts in a comprehensive submission to the Office of Tax Simplification. 

Office of Tax Simplication reportClick here for the full submission.

Get in touch

Michael Wistow

Michael Wistow

BLP
Head of Tax

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