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Business tax: Tax gap 'nonsense'

The 'dreadful state' of the public finances has brought the issue of the tax gap into even sharper relief said David Gauke the Exchequer Secretary to the Treasury in a Commons debate on tax avoidance. The tax gap which HMRC has estimated at £40 billion 'incorporates tax avoidance but does not consist solely of it' he pointed out a week before the June Budget announced that the Government will 'engage informally with interested parties' to explore whether there is a case for developing a general anti-avoidance rule.

Gauke said there was a public mood for people to 'do the right thing and to play by the rules'. That included paying the taxes that are due under the law. 'Those who do not do that have very little public sympathy ' he said. 'Tax avoidance is estimated to contribute around...

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