Executives reveal frustration at tax system

Most senior executives believe the present tax collection and payment system is too costly, complex and cumbersome, particularly for small and medium sized businesses, a survey of executives has revealed.

At the Deloitte Finance Bill Breakfast today, at which over 250 senior executives were present, over 90% of attendees believed the present system of making up to five tax payments in a calendar year should be restricted to the larger tax payers.