ICAS criticises corporation tax changes
28 August 2012
Government proposals for changes to corporation tax have been criticised for ‘neither modernising nor simplifying the tax system’ by the Institute of Chartered Accountants of Scotland.
The Institute is worried about new transfer pricing rules that were outlined in government consultation documents released in December 2003.
Ian Dewar, Convenor of the ICAS Tax Committee, said: "The government’s modernisation of corporation tax is introducing new uncertainty and additional complexity."
He added: "Companies affected by the changes have been...