Does U.K. Chancellor Osborne Need to Revamp Tax System?
U.K. Chancellor of the Exchequer George Osborne will use the budget he unveils Wednesday to announce a crackdown on the use of personal-service companies to avoid taxes. The measures will require people hired off-payroll to pay employment taxes that are due, according to a government official briefed on the matter who declined to be identified in line with U.K. government practice. The measure is to apply across the public sector, including departments, police, local authorities, the National Health Service, education establishments. Capital Economics Founder Roger Bootle discusses with Bloomberg’s Anna Edwards on “Countdown.”