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P504 Teletext 504 Sep11 21:18:53         —————————————————————————————  TAX SYSTEM "COULD COLLAPSE" Britain's tax system could collapse under the weight of complex new laws, a leading financial expert is warning. Ibn Luder callid for a two-year freezj on all but essential new laws whili a Royal Commission was established to examine the entire direct tax system. The Institute of Taxation's president said self-assessment rules would impose greater responsibilities on employers. ——————————————————————————————————————— Financial headlines 500 City index 501 TAX, SAVINGS, MORTGAGES - SEE p540 Next CompNews Shares Family Finance