UK government seeks to keep taxes ‘low’ as businesses call for clarity

The UK government will seek to strengthen the economy to generate the tax revenues needed to invest in public services while “keeping taxes low,” according to the Queen’s Speech delivered June 21.

The legislation that the government proposes to introduce in the current parliamentary session, as outlined in a briefing note, includes three finance bills to implement budget decisions. “Summer Finance Bill 2017 will include a range of tax measures including those to tackle avoidance,” the government said.

It is not yet clear whether the government intends to reintroduce all of the tax measures that were contained in the finance bill published after the spring budget but shelved after Prime Minister Theresa May called a general election. Read more:

My news story for Tax Analysts, June 22 (paywall)