COMMENT: For Britain to compete, our taxes must be simpler and lower

March 03, 2014 9:56 AM

Our Director, John O’Connell, has a column in today’s Daily Telegraph about Britain’s maddeningly complex tax system.

 

 

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Complexity is expensive. That’s just as true of tax systems and economies as it is of manufacturing processes and prices. And few things are as maddeningly complex as the British tax system. As rising powers in Asia, South America and elsewhere develop increasingly competitive legal systems, workforces and infrastructure, our unwieldy and cumbersome tax code is becoming an obstacle to investment and growth that we can no longer afford to ignore.

 

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