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Institute of Directors: 'Tax system needs simplifying'

It is very frustrating for many companies who pay large tax bills that some multinationals are able to avoid doing so.

The solution must be simplifying the tax system, not simply hectoring from Westminster. If these firms are immoral to take advantage of tax loopholes, then politicians are surely immoral for creating the loopholes in the first place.

Taxes should be simpler to cut down on avoidance and relieve the burden our complex tax code puts on companies who do try to do the right thing.

– Director General of the Institute of Directors Simon Walker