Recommendation 32

We believe that a tax strategy setting out what the Government wants to achieve from the tax system and identifying high level objectives would have much merit. We recommend that the Government should draw up a draft tax strategy for consultation. We propose that any such strategy should include principles for: • The role of the tax system in meeting fiscal goals • Securing a neutral tax system which treats similar activities in similar ways, including fair taxation of different structures of work • Ensuring that taxation is progressive and fair to future generations • Meeting climate change goals for net zero and other environmental objectives whilst giving consideration to those who are on lower incomes • Ensuring growth of business and employment, including a new business tax roadmap to provide investment certainty for business and a five to ten-year strategy for corporation tax rates 78 Tax after coronavirus • Reducing the tax gap • Indirect taxes such as VAT which were previously covered by EU law which no longer applies • Reducing compliance costs, especially through appropriate tax simplification.

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