Corporate fiduciary affected by Treasury tax investigation?

Corporate fiduciary may come under scrutiny as a result of a new study by the Treasury Committee, which has announced it is to make an inquiry into the issues upon which the tax system is built.

Last month, the Organisation for Economic Cooperation and Development reported taxes on big businesses were "the most harmful type … for economic growth", a conclusion corporate banking groups may welcome.

If Treasury findings point to lowering such levies, corporate fiduciary may have to be examined, as taxes are sometimes used to ensure compliance with ethical and environmental codes.

The committee is calling for written contributions on subjects such as the central principles that should inform policy, how best to support growth and ways in which state charges can be used to support other government goals.

Yesterday (November 23rd), the body heard evidence from the Financial Services Authority as part of its enquiry into sector regulation, the outcome of which could also have implications for corporate fiduciary. ADNFCR-2318-ID-800253831-ADNFCR