TaxWatch’s Director, George Turner, wrote an op-ed for the Independent setting out why the government’s recent Tax Gap figures should be treated with caution.
The article sets out how the government’s estimates of tax avoidance vastly underestimate the true scale of the problem.
The full article can be accessed here:
Photo by The New York Public Library on Unsplash
UK ministers have praised five of the UK’s Overseas Territories for searchable registers revealing who really owns companies registered there. TaxWatch has found that one of these new registers doesn’t even exist, and others have erected last-minute legal blocks against access.
Stronger powers against ‘enablers’ – those who design and enable aggressive tax avoidance and evasion – are back on the table once again. But new figures show that existing powers are still not being used.