Reacting to today’s Public Account Committee report on tax avoidance Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“Many taxpayers are angry seeing major international companies reduce their tax liability by taking advantage of the loopholes and reliefs which few ordinary taxpayers and British businesses can use. However it is politicians themselves who have created the complicated tax code which people can exploit. Draconian punishments for arrangements which the law doesn’t specifically prohibit would be unjust and impractical. If politicians are serious about doing something then they need to reform the tax system.”