City leaders call for a review of the tax system

City leaders to call for review of tax system

Groups including the City of London Corporation, UK Finance, TheCityUK, the Investment Association and the Association of British Insurers are preparing a letter to the Government calling for the tax burden on entrepreneurs and the broader finance industry to be reviewed. The letter will call for the Treasury to launch a review alongside other measures aimed at ensuring the industry"s competitiveness in the post-Brexit period, including reforms to Britain"s immigration system, a network of regional regulatory offices to work with start-up businesses, and the creation of a new forum comprising the finance sector, government and regulators.

Source: City AM (19/06/2018) Sky News (19/06/2018)