Reaction to today's Public Accounts Commitee: We need tax reform, not empty moralising
Reacting to Thursday's evidence at the Public Accounts Committee, Matthew Sinclair, Chief Executive of the TaxPayers' Alliance, said:
"Yet again the Public Accounts Committee has offered stinging criticism of individual companies but no progress on the root cause of the problem, our broken tax system. Politicians are responsible for our hideously complex tax code and it’s up to them to simplify it to ensure that everyone pays their fair share, no more and no less.
"Until the system is simplified, HMRC will always face an uphill struggle against a 17,000-page tax code, which is full of loopholes being legally exploited by those with clever accountants and tax lawyers. We need serious and comprehensive tax reform, not empty moralising."
The TaxPayers' Alliance (TPA) proposed a comprehensive 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.
10:10 AM 18, Oct 2016 The TaxPayers' Alliance
12:58 PM 14, Oct 2016 Sunny Chen
9:16 AM 13, Oct 2016 The TaxPayers' Alliance
1:00 AM 13, Oct 2016 The TaxPayers' Alliance
2:41 PM 12, Oct 2016 Tom Banks
3:38 PM 11, Oct 2016 Sunny Chen