Reaction to Public Accounts Committee report 'Tax avoidance: the role of large accountancy firms'
Reacting to today's report Tax avoidance: the role of large accountancy firms from the Public Accounts Committee , Matthew Sinclair, Chief Executive of the TaxPayers' Alliance said:
"Our hideously complex tax code makes it easier for well-paid accountants to run rings around a taxman who is reliant on the external help of the big four. The power to make our tax system simpler and fairer lies squarely in the hands of politicians. They must stop pontificating about individual cases and actually do something to reform the system which they designed and have been tinkering with ever since.
"The committee is right to say that radical action is needed to simplify the tax system. Strategic reforms are needed to get rid of redundant double taxes and end the need for countless complicated reliefs. Then taxpayers could have confidence that everyone was paying their fair share."
The TaxPayers' Alliance (TPA) proposed a radical simplification of the tax system in the 2020 Tax Commission, a joint project between the TPA and Institute of Directors (IoD). The final report of the commission, The Single Income Tax, can be found here.
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1:00 AM 21, Jun 2017 Alex Wild