Labour’s policy paper Labour’s Plan to Close the Tax Gap sets out the presumed-future-government’s approach to recovering at least a portion of the £36bn of tax that goes uncollected each year. The target is the same old foe: large businesses, the internationally mobile, the offshore tax industry, avoidance and evasion. But which of the two big ideas running through the policy will dominate: the desire to set an example and deter avoidance with more penalties and criminal prosecutions? Or the basic ‘invest-more-to-recoup-more’ thinking that aims to invest in HMRC capacity?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Labour’s policy paper Labour’s Plan to Close the Tax Gap sets out the presumed-future-government’s approach to recovering at least a portion of the £36bn of tax that goes uncollected each year. The target is the same old foe: large businesses, the internationally mobile, the offshore tax industry, avoidance and evasion. But which of the two big ideas running through the policy will dominate: the desire to set an example and deter avoidance with more penalties and criminal prosecutions? Or the basic ‘invest-more-to-recoup-more’ thinking that aims to invest in HMRC capacity?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
