First, HMRC’s estimate is just wrong. Tax avoidance is much higher than £3.1 billion, as I have argued. Even within the context of the HMRC report this figure is too low because it excludes disputes on legal interpretation, which appear to be tax avoidance issues by any other name. The HMRC estimate also excludes all of the tax abuse by companies like Google and Amazon, which are specifically not in their data as a matter of choice, which makes the figure both subjective, and unreliable. The true target the tax avoidance is, in my estimate, around £20 billion, although this would never be recoverable in full.
Well, quite. If you call obeying every jot and tittle of the EU and UK tax law on domicile of a corporation tax avoidance then you can come up with any number you think of, can’t you Ritchie?
He still tries to claim that Vodafone and Starbucks were avoiding for goodness sake.