whether he were serious,he would reverse HMRC staff cuts and pursue the stout company cases that possess a greater chilling effect on evasion and avoidanceIs George Osborne serious about his budget promise to gather £5bn additional in evaded and avoided tax? That’s a very modest ambition, when the national audit office reports today that £16bn is lost to fraud alone, and before you even start on the great company “legal” tax scams. The tax gap – the missing tax not paid – is officially £35bn,but is far more in reality, according to tax experts. Related: UK tax fraud costs government £16bn a year, and audit report says Continue reading...
Source: theguardian.com