According to OECD UK Needs Tax Changes

According to OECD UK Needs Tax Changes

The OECD's new economic survey of the UK suggests that the nation needs to reform corporation tax and to develop new fiscal policy, noting in particular that rules giving preferential treatment to small firms may block the growth of businesses.

The report also warns against additional tax increases and spending cuts in the face of a temporary slowdown, judging that the government's fiscal plan, financial credibility and strong institutions give the UK flexibility to deal with lower than expected growth.

At the same time the OECD notes that some segments of the UK economy are weak: workforce have weak skills and welfare system to be improved to lessen inequality. Also, tax rewards should be focused on "social returns" rather than "private returns."

Other measures recommended in the report include relaxing planning rules, making further investment in productive infrastructure, improving public sector management, introducing road pricing for congested motorways and moving towards a uniform carbon price.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved