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Govt seeks views on business tax framework
A new draft framework for business tax has been published by the government, which is intended to clarify its approach to the development of tax policy.
The draft document lays out the key principles underpinning the way in which tax policy is developed, such as creating a level playing field and encouraging competitiveness, as well as the policy process, including consultation wherever possible.
Companies have been encouraged to get in touch with the government to give their views on the business tax document.
"Businesses want certainty on tax," commented chancellor Alistair Darling.
"That is why today I have set out, in collaboration with UK business, the government's key principles for tax policy and how we will engage with business when developing tax policy."
In a recent speech at the Global Investment Conference, prime minister Gordon Brown underlined the importance of bringing international business and government together to secure an economic recovery in 2010.
Posted by Jared Atreides.
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