23rd October 2020
Prudential: Analysis of UK taxation options amid Covid-19
Michael Collins, Prudential Director of Government Affairs, provides an analysis of the UK taxation potions amid Covid-19.
When I worked on tax policy in the Treasury one of my colleagues once shared a quote with me about the nature of the work that we were doing:
“the art of taxation consists in so plucking the goose as to obtain the largest number of feathers with the least possible amount of hissing”
Although attributed to an ancien regime official in the court of Louis XIV the challenge that Jean-Baptise Colbert was expressing in the 17th century still confronts every Finance Minister: where do you get revenue from without causing irretrievable harm to your political popularity or without causing major distortions to the economy?
Read full article here.
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