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Message to Hammerson and Standard Life: "We have a tax system that is no longer fit for purpose"

Link to Evening Standard

"This week’s row over the clawing back of child benefit from higher earners does not prove that the Tories are heartless, though some may be. Nor does it prove that Her Majesty’s Revenue and Customs is incompetent, though here, again, there are signs which point in that direction.

"In fact, what this embarrassing shambles actually demonstrates — and not for the first time — is that this country’s tax system is no longer fit for purpose. It is riddled with unfairness, it no longer delivers the revenue the country needs, it barely commands the respect of the population, and it so distorts business priorities that it is a positive barrier to wealth creation."

[Other than that, ...]

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