Monday, September 04, 2006

Gordon's achieves 116% growth.....in UK tax laws

A quick count of my Tolley's at work today showed:

9,841 pages of direct tax law now exist - there were 4,555 on 1 May 1997 - an 116% increase

12,763 pages of total tax law now exist - vs 7,013 on Brown becoming Chancellor, an 82% increase

The only reason that the VAT laws have grown slowly is that Gordon's too scared of changing the rules without the EU's permission. The above stats miss out Gordon's bungled tax reforms that he' s since had to repeal, eg the zero rate of corporation tax for small businesses, stamp duty relief for disadvantaged areas, numerous goes at film tax reform etc.

All told UK tax law is a mess. Whilst the rest of the developed world seeks to make itself more attractive for investment the self-penned Iron Chancellor rusts the UK economy with pointless complexity.



The above figures include Statement of Practices, Concessions and secondary legislation. The former has barely increased, the latter have been used with ever increasing frequency

2 Comments:

At 3:22 PM, Blogger Bel said...

Since 1997, there has been an extra volume of the Yellow Tax Handbook, roughly 10,000 pages more. As for the Orange Tax Handbook, it has almost doubled in size.

 
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