Thursday 24 May 2012

Tax fraud vs benefit fraud

Next time you hear someone banging on about benefit fraud (annual cost £1.5 billion), remind them of the latest estimate of the "tax gap" (annual cost £35 billion). www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news/hmrc-compliance/

Even the Daily Mail was shocked - though some of the self-justifying comments by readers are in stark contrast to what we would see if it was an article about benefit fraud . www.dailymail.co.uk/news/article-2149038/Cheats-avoided-paying-taxes-year-created-35billion-hole-public-purse.html

There's also a further £25 billion owed by corporations: www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news/hmrc-tax-disputes-report/

Yes, it's a class thing.

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