Early in September the U.K. Labour Party issued a report prepared on its behalf by a group of left-leaning academics and tax experts that called for the U.K. tax authority to be overhauled.
The paper, titled Reforming HMRC: Making it fit for the twenty-first century, claims that HM Revenues and Customs (HMRC) is under-resourced, too close to big business, and is therefore not fit for its purpose. To change this, the authors suggest that the regulator should have a supervisory board consisting of stakeholders rather than just tax experts to oversee its executive board and that it should be subject to more public and Parliamentary scrutiny.
