Tag Archives: totalitarianism

“Retrospection puts policy on a slippery path to arbitrary taxation, discouraging investment and innovation and creating the scope for great unfairness.”

BBC News: MPs raise concerns over new tax powers in Budget

(…) the [finance bill] committee also had “deep reservations” about changes to tax policy that would require upfront payment of any disputed tax associated with tax avoidance schemes.

Retrospection should be considered only in wholly exceptional circumstances. The latest measure would have to be justified on those grounds” Mr Tyrie said.

Retrospection puts policy on a slippery path to arbitrary taxation, discouraging investment and innovation and creating the scope for great unfairness.” (…)