Chancellor estimates degree will recoup £875m in lost receipts over four years,but campaigners say it doesn’t go far enoughMeasures targeted at an army of abroad sellers using Amazon and eBay to evade VAT were at the heart of a £12bn tax clampdown announced by the chancellor.
A host of other tax avoidance strategies were also in George Osbornes sights. They ranged from schemes that disguised an individual’s earnings as loans, to businesses taking on commercially unnecessary borrowings to lower their tax bills. Continue reading...
Source: theguardian.com