Letter: Pre-election tax planning
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Sir: Recent research conducted by KPMG (Succession Planning Survey, April 1996) suggests that the majority of business owners, while aware of the benefits of tax planning, have done little to maximise the potential gain from existing opportunities.
That, and not a desire to speculate on what a future Labour government's tax policies might be, is the rationale behind our recent series of pre- election tax planning seminars. Far from wishing to frighten our clients into taking action (leading article, 9 April) KPMG believes its duty lies in advising its clients and others of the tax implications of a number of possible post-election scenarios, not just those of a Labour administration.
As professional tax advisers, that is our clear and obvious responsibility and one which we, as a strictly apolitical firm, have routinely undertaken in the run-up to previous general elections.
Ian Barlow
Head of Tax, KPMG
London EC4
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments