“Tax is in crisis. The tax system is failing and the conversations on reform are not breaking new ground. It is time to change the conversation and instigate action which engages the root causes."
In June 2014 Tim Merry lead a team to host an Assembly on tax and how to restore public trust in the tax system, in association with the ICAEW Tax Faculty and the UK Finance Innovation Lab.
The Assembly sought to ask big questions about the system: What works in the tax system and what doesn’t? Is there a fundamental need to rethink the tax system? Are the right things being taxed? Does the current system deliver the right result for society as a whole? If it doesn’t, what needs to be changed? Why has public trust been damaged and how should it be repaired? What part do we all play in the tax system and what should be our roles and responsibilities in helping to build a better tax system?
Participants were 80 people with a very broad range of views, from the tax profession, government, civil society, academia and journalism. This diversity did not cause conflict or vitriol in the room, but a strong degree of common purpose that somehow we do need to work together to redefine the tax system in a way that the public accept as legitimate. Read more ...