I love this headline from the Telegraph:
We’re coming for you, Danny Alexander warns tax dodgers
Concerted action on tax avoidance and evasion will raise almost £4billion for the Treasury this year, Danny Alexander will claim.
Now that’s interesting. HMRC are adamant tax avoidance is only £5 billion a year. Are they really saying they are going to almost eliminate it? Or is this tacit admission that my estimate of tax avoidance of £25 billion is much more accurate?
Mr. Alexander is, as he says he is, talking about both avoidance and evasion.
Ritchie then talks about avoidance only.