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Could calls for tax law reform benefit businesses using facilities management?

June 8th 15:59 Cost Management 

Businesses using facilities management as a means of cutting costs could be among those to benefit from new calls to change the way tax laws are made in the UK.

The Chartered Institute of Taxation (CIOT) has called on the government to follow the example of the US in terms of scrutinising new tax legislation.

According to the organisation the current tax law making process in the UK is in need of a number of improvements.

Vincent Oratore, the organisation's president, said: "The way tax law is made in the UK is deeply flawed. There is not enough expert scrutiny and there is insufficient parliamentary time to consider properly the effect that changes will have in practice.

"I believe we can learn something from the Americans, who have a well resourced Joint Committee on Taxation which enables members of both Houses of Congress to play a meaningful and constructive role in the making of tax law."

Changes in the way taxes are made could lead to a simpler regime for businesses to understand and operate within.
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