Firms’ secret tax avoidance schemes cost UK billions | Business | The Guardian

 

 

I’ve always known that there’s one law for the rich and another for the rest of us! Indeed, I suspect that a very fine margin separates the (nominally) legal tax avoidance and the (definitely) illegal tax evasion. The business communities lack of patriotism is most noticeable – they’ll take all the handouts and avoid any payouts; the poor as always subsidise the rich.

 

 

“The veil of confidentiality that covers these tax avoidance schemes is so difficult to penetrate that nobody knows exactly how much tax goes missing each year. But HM Revenue & Customs estimated that the size of the tax gap could be anything between £3.7bn and £13bn. The Commons public accounts committee put it at a possible £8.5bn and the TUC said £12bn.”

Firms’ secret tax avoidance schemes cost UK billions | Business | The Guardian

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