Reacting to the speech, Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“David Cameron has been quick to highlight the problem of tax avoidance but slow to actually do anything about it. Families are left feeling short changed and let down by their politicians because international corporations can take advantage of loopholes and reliefs not open to them.
“But it is our broken tax code that allows big companies with clever accountants to exploit the system and minimise their bills. Others can take advantage of how HMRC is busy trying to administer an unwieldy set of rules, instead of chasing down those who try to abuse the system. So the onus should in fact be on the Prime Minister and his government to take action, as they are the ones who can simplify Britain’s hideously complex tax code.”
“Empty moralising won’t fix a system that is fundamentally broken and has lost its legitimacy. We need serious tax reform to ensure everyone pays no more or less than their fair share.“