'Simpler tax' plan unveiled

CHANCELLOR George Osborne yesterday announced plans to simplify Britain's "spaghetti bowl" tax system.

By The Newsroom

Published 20th Jul 2010, 16:44 BST

Updated 20th Jul 2010, 22:43 BST

As revealed in The Scotsman yesterday, the government hopes to unravel the "opaque" process by creating an Office for Tax Simplification that will rewrite the 11,000-page tax code

Speaking at the Treasury, Mr Osborne said: "We have one of the most complicated and opaque tax codes in the developed world.

"It is a spaghetti bowl of reliefs, exemptions and allowances which makes our tax system less competitive that it should be."

"I want to create a more competitive tax code.".

Britain