Gordon Brown is planning to raise a further £4bn over the next year from
clamping down on tax avoidance loopholes.
Chris Sanger, head of tax at Ernst & Young, said that Brown was bound to
clamp down on avoidance in order to maintain his reputation for ‘sound economic
‘He (Brown) will push on with his revenue raising plans so as to leave no-one
in any doubt as to his skills both as a chancellor and as a strong politician,’
Sanger told the Financial Times.
‘As a result, the campaign against anti-avoidance will continue apace with
businesses in the firing line,’ Sanger added.
Since 1992, when tax revenue as a portion of GDP was 32.8%, the ratio has
increased to 38% and the clampdown on avoidance is one of the main drivers
behind this increase.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states