Corporation tax reform. In August 2003 the government issued a further consultation document on reform to the corporation tax system. This consultation continues a process that started in July 2001 with a consultation document on large business taxation, and which appears to have become an annual exercise. This Briefing Note points out that this annual round of reform proposals does little to promote a stable environment for business investment decisions. New proposals on transfer pricing and finance leasing will add to business costs. By Stephen Bond and Alexander Klemm.

By Institute for Fiscal Studies, UK.

Business Policy Resource.