In the UK, small companies are given generous tax treatment. This breaches the principles of equity and neutrality in taxation, and therefore reform is necessary.” Critically discuss this statement.
“In the UK, small companies are given generous tax treatment. This breaches the principles of equity and neutrality in taxation, and therefore reform is necessary.” Critically discuss this statement. Show whether this statement is fully agreeable or whether only some parts that need reforming. Analyse the statement and argument from both sides.