Since I noted on 28 February the cautious welcome given to the new Fair Tax Mark by ICAEW and Baker Tilly, ICAEW’s Tax Faculty team has published a second statement on its tax forum. The cautious welcome remains, but ICAEW stresses that “to succeed [the FTM] needs further work”.
A key question for anyone considering the invitation to support the FTM or become a “Fair Tax Business” is the question I asked on 23 February: “What is the ‘right amount’ of tax, and who decides?” I guess there are two questions.
First, what is the “right amount” of tax? Continue reading