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... for a government seeking to simplify the tax system and
improve tax compliance, it is conventional wisdom that the harder
we make tax compliance, the more we provide the incentive for
non-compliance and outright evasion.
Read my article published by the Guardian
Newspaper (uploaded below) to find out about matters
arising from the current deemed profit basis of taxation, proposed
changes by the tax authorities and the way
forward.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.