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There is a £40bn tax hole, say headlines.
None said that HMRC didn't collect £46.8bn last yr. 40% (£18.6bn) relates to corporations. £500bn since 2010.
NAO says wealthy dodge taxes. Corporations shift profits to dodge taxes.
Why hit the little people?
https://t.co/L2ir1hSljz
A Sky News investigation has revealed how, over two decades, some of Britain's biggest recruitment companies were linked to large-scale tax avoidance when placing workers into jobs, including government roles in Whitehall.
🔗 Read more
https://t.co/dF6PBoJs9g
Ray McCann has declined to reply to us before he publishes his report. His review is into individuals’ settlement terms, so the revelation of the 2015 settlement deal is directly relevant. He knew about it in 2019. It wasn’t disclosed during the #MorseReview or in 2025. Why not?
🚨BREAKING NEWS: Huge new FOI revelation in the #LoanChargeScandal raised by @gregsmith_uk in #TreasuryQuestions exposing #HMRC’s 15% settlement deal with large companies in 2015, as reported by Ray McCann to Lord Morse in 2019. All the while ruthlessly persecuting contractors.
🚨The latest revelation in the #LoanChargeScandal is coming out tomorrow.
It exposes the disgrace of #HMRC’s whole approach & that the current highly restricted non-independent review (only of settlement terms - how to “encourage people to pay”) is a wholly unnecessary nonsense.
I suspect this chart will make HMT salivate: shows stunning recovery in UK defined-benefit pensions now with healthy ~£200bn surplus.
So: how to nick the cash? Most subtle way of doing it is to cook up regulations to divert UK pension money into bad investments, pet HMG schemes.
This 'mandating' is already being threatened: an obvious stealth tax option. Let's see what develops.
@SarahEGabbai@Ray_McCann55 The statement is not technically correct if you consider the role of the professional enablers. The government cited Hoey but I made an application for a public interest intervention to make that argument but the Supreme Court refused. The ToR of this review does the same thing.
A massive thank you to @RachelReevesMP & @jamesmurray_ldn for announcing an independent review into the Loan Charge. It's the right thing to do and I'm delighted on behalf of all my listeners who have rung my show to detail the iniquities of the charge.
https://t.co/B3laqpEW07
Rachel Reeves has announced that the #LoanChargeScandal will now get an independent review
Brilliant news
Suicides, bankruptcies and thousands have suffered
Ps Michelle Mone’s husband made millions through selling these financial schemes
#Budget2024
The Chancellor has announced that the Government will commission an independent review into the #LoanCharge.
This is very positive news & something the APPG has been consistently calling for.
The review must be genuinely independent & must look at the whole #LoanChargeScandal.
At the start of my career leading Cav out was a joy. A fellow Brit, changing the landscape of cycling. To see what he did today, 16 years after his first Tour stage, is almost unbelievable. But, it’s Cav. Nothing’s unbelievable. Congrats mate. They don’t call you Sir for nothing
Infosys share price
Steady for a decade 2010-2020
Weeks after Sunak became Chancellor in Feb 2020 and Covid hit,
its value more almost quadrupled in 2 years, and so did Sunak’s wealth
Coincidences happen I guess
HMRC has failed to fine a single ‘enabler’ of offshore tax fraud in five years.
Accountancy, law firms and financial services firms behind tax abuses get govt contracts and privileged access to policymakers.
Over £500bn of taxes not collected since 2010.
https://t.co/XLY3SFUChf
The Spectator has just ran the figures for the Tories' published tax plans.
On Sunak's maths, it works out as £3,000 tax rise per household.
Details: https://t.co/p7wwWkCtgQ