UK's super-rich dodge £13bn in tax
TUC survey will reveal the extent of the super-rich's tax avoidance, using income-shifting and claiming non-dom status
The UK loses out on £13bn a year due to tax avoidance by the wealthiest
people.
A study of tax statistics by the TUC will reveal later this week that the
wealthy are exploiting the UK’s tax rules to avoid up to £13bn a year in tax.
Non-domiciles in the UK avoid £3.8bn of tax, while income shifters move
income into companies or through spouses to avoid income tax – to the tune of
£3.2bn, reported
The
Observer.
‘For years there has hardly been any debate about whether the tax system is
fair. But a wise government would recognise the shift in public mood when they
see police officers marching against a decision that a modest pay rise was
unaffordable when it looks like tax has become optional for a small group of the
super-rich,’ said TUC chief Brendan Barber.
Further reading:
PKF: tax changes will hit all non-doms