Be cautious about adding uncertainty to an already unstable tax system
Katharine Arthur, Partner, has shared an article in the Financial Times, the article reads:
“Recent economic forecasting has suggested the impact of US President Donald Trump’s tariffs, as well as the ongoing fallout from measures in the Autumn Budget, may force chancellor Rachel Reeves’ hand in further changing tax policies.
The possibility of raising income taxes is the latest touted possible response.
This would be in direct opposition to the chancellor’s commitment to holding only one fiscal event per year, and any volte-face would have unpredictable consequences for the tax system.
Adding more uncertainty to an already unstable tax system is something to be treated with the utmost caution.”
Read the article in full via the link below.
