Member

Simplicity of taxation is one of the great principles of taxation set out in Adam Smith’s The Wealth of Nations. As Smith argued, proposals for raising revenue should always emphasise the reduction of complexity to make compliance easier and administration more efficient and, most important of all, to reduce opportunities for avoidance. The 38 amendments add up to a charter for avoidance. You can be sure that they will be gamed and exploited by those with avoidance skills.