Tax Evasion

(asked on 4th December 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he has taken to tackle corporate tax evasion following the publication of the Panama Papers.


Answered by
Mel Stride Portrait
Mel Stride
Shadow Chancellor of the Exchequer
This question was answered on 7th December 2017

The government has taken significant action to tackle avoidance, evasion, and non-compliance; including securing almost £160 billion of additional tax revenue since 2010, introducing over 100 measures, and investing around £2 billion extra in HMRC.

At Budget, the government took further steps to tackle these issues, which are forecast to raise £4.8 billion between now and 2022-23 for our vital public services. These efforts have helped the UK tax gap fall to 6.0% - its lowest level ever, and one of the lowest in the world.

The UK will continue to engage with our international partners to achieve a consistent and targeted approach for tackling tax avoidance and evasion.

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