Is Labour’s diagnosis of the tax gap accurate and has the party misjudged its non-dom proposals, asks James Quarmby (Stephenson Harwood).
Every UK government in my adult life has pledged to ‘crack down on tax avoidance’ and to ‘close the tax gap’. Labour which now sees itself as a government in waiting (if you believe the opinion polls) has decided to keep that tradition alive by publishing its own policy paper on the tax gap: Labour’s Plan to Close the Tax Gap (‘the paper’). Launched on 9 April amid a blaze of publicity the Shadow Chancellor Rachel Reeves explained how a Labour government would simultaneously squeeze more money out of ‘non-doms’ and take other assertive measures to close the tax gap. However is Labour’s diagnosis of the problem accurate and will their proposed medicine make any difference?
Is there a tax gap problem?
The...
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Is Labour’s diagnosis of the tax gap accurate and has the party misjudged its non-dom proposals, asks James Quarmby (Stephenson Harwood).
Every UK government in my adult life has pledged to ‘crack down on tax avoidance’ and to ‘close the tax gap’. Labour which now sees itself as a government in waiting (if you believe the opinion polls) has decided to keep that tradition alive by publishing its own policy paper on the tax gap: Labour’s Plan to Close the Tax Gap (‘the paper’). Launched on 9 April amid a blaze of publicity the Shadow Chancellor Rachel Reeves explained how a Labour government would simultaneously squeeze more money out of ‘non-doms’ and take other assertive measures to close the tax gap. However is Labour’s diagnosis of the problem accurate and will their proposed medicine make any difference?
Is there a tax gap problem?
The...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
