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UK tax system needs overhaul, warn UK CEOs

Accountancy Age

THE UK’S TAX SYSTEM is not “fit for purpose” and requires a complete overhaul if it is to tax companies effectively, chief executives have warned. PwC’s annual survey of CEOs revealed 73% of UK bosses feel the present system is unsuitable for the 21st century, while 71% believe attempts to reform it will be futile. It is up to MPs to create a workable system, although the hold little confidence their…

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