Responding to the news that Crown Prosecution Service is to announce a crackdown on tax evasion by the “middle classes”, Matthew Sinclair, Chief Executive of TaxPayers’ Alliance, said:
"It is quite right that people who break the law and don't pay their fair share should face prosecution. But prosecutions will do nothing to stop individuals and businesses with the means to do so taking advantage of the legal loopholes in our overly complicated tax code. Politicians need to make our taxes simpler, fairer and more competitive if they are serious about curbing tax evasion and avoidance."
The Single Income Tax as proposed by the TPAs and IOD's 2020 Tax Commission provides a detailed plan for radical but realistic reforms that could be implemented by the year 2020. A serious simplification of the tax system would mean HMRC could focus on catching those who won't pay their fair share, rather than administering an overly complex tax code.
Click here to read The Single Income Tax, final report of the 2020 Tax Commission
The 2020 Tax Commission's final report recommended several measures, including:
•Taxes should be simplified and eight taxes should be scrapped entirely
•There should be a single, low, proportionate income tax