Patrick Hylton supports measures to broaden tax net

Patrick Hylton, Managing Director of NCB Group, has thrown his support behind the governments' attempt to broaden the tax net.

The government wanted to grant the tax authority powers to go directly after the assets of tax cheats, but has now said it will amend that provision for a court order to be sought first. Either way, Mr Hylton said on Friday that he had no problem with the measure.  

Mr. Hylton said it was left to be seen  how successful the measure will be in raking in taxes. He added that the asset tax charges to financial institutions could be temporary.