Stephen Herring argues the case for a more radical approach to tax reform after a lukewarm Autumn StatementThe overarching priority for the elimination reduction of the structural fiscal deficit is accepted by most Institute of Director (IOD) members and it is understood that substantial tax cuts, which are not capable of being matched by equivalent public spending cuts, are simply not going to happen over the next few years. This ought not to mean, however, that the Chancellor does not have scope for tax reforms, tax simplification and affordable tax cuts focussed upon business and thereby accelerating economic growth, boosting employment and, indeed, contributing to the reduction of the fiscal deficit.