Coronavirus and the tax system
The Covid-19 pandemic has had a profound impact on economies around the world, provoking an unprecedented response from government. In the UK, the Chancellor of the Exchequer Rishi Sunak has pledged to do “whatever it takes”, introducing a variety of emergency packages which eclipse the response to the financial crisis of 2007-08.
Throughout this pandemic we will be assessing the winners and losers of government initiatives, as well as monitoring the actions of lobby groups and business. Although government support for business during these extraordinary times is both right and necessary, we have already seen certain sectors attempt to exploit this situation for financial gain.
TaxWatch bailout tracker
In order to keep track of how government support mechanisms are being used, we have launched a coronavirus bailout tracker.
This is a web form which allows anyone contribute to our work by submitting details of how businesses are using government support.