G8 declaration won't fix our hideously complex tax code
Commenting on the Lough Erne Declaration, Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“This summit was a distraction which was never going to address the root cause of British public disquiet over tax avoidance: our hideously complex tax code.
“The way to ensure that all companies and individuals pay their fair share of tax here in the UK is for the politicians at Westminster who created our tax system to simplify it by scrapping the loopholes they introduced and ensuring that tax rates are competitive. Only then will people again trust that everyone is paying what is due.
“Transparency is important, on the part of both tax authorities and multinational companies. But it is also vital that there is tax competition between different nations, because that pushes down overall tax rates for families and businesses alike.”
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