From the beeb:
The UK tax system will be streamlined to attract more international investment, the government says.
The Treasury will announce later that it is setting up an Office for Tax Simplification to analyse "potential reform options".
Minister David Gauke will promise to "give our economy the boost it so urgently needs in the years ahead".
The new body will look at all tax reliefs, allowances and exemptions and conduct a review of business taxation.
The chairman of the new body will be former Conservative MP and Treasury minister Michael Jack and its director will be John Whiting, a tax expert at PricewaterhouseCoopers. Neither will be paid.
The government says the tax system became a "hindrance" to business under Labour and that by simplifying it and making it more competitive for small firms, it will stimulate economic growth.
...its remit covers UK taxes and duties administered by HM Revenue and Customs, but it will not deal with tax credits or taxes administered by other bodies nor will it have any influence on setting tax rates.
In his first Budget last month, Chancellor George Osborne set out plans to reduce the headline rate of corporation tax by 28% to 24% over four years in an effort to show Britain was "open for business"
Full article:
BBC News - Tax system 'to be simplified to encourage investment'
Good news or politcal gestures?
