The Tax Reform Britain Needs

May 20, 2012 9:00 AM

Both the tax rates and the number of different taxes need to be cut, writes Matthew Sinclair.
From "Red" Ken Livingstone, the Labour Party candidate for mayor of London, to Mitt Romney, the presumptive Republican nominee for president of the United States, politicians have been getting in trouble over their taxes. With voters struggling to make ends meet and pay their own tax bills, they have never been more sensitive to the charge that relatively well-off politicians aren't playing by the same rules. Now that the complexity and opacity of the tax system is getting our leaders in trouble themselves, will they finally see the case for serious tax reform?

Click here to read the full article

Both the tax rates and the number of different taxes need to be cut, writes Matthew Sinclair.
From "Red" Ken Livingstone, the Labour Party candidate for mayor of London, to Mitt Romney, the presumptive Republican nominee for president of the United States, politicians have been getting in trouble over their taxes. With voters struggling to make ends meet and pay their own tax bills, they have never been more sensitive to the charge that relatively well-off politicians aren't playing by the same rules. Now that the complexity and opacity of the tax system is getting our leaders in trouble themselves, will they finally see the case for serious tax reform?

Click here to read the full article

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