Birdwatch Note Rating
2024-08-15 21:56:11 UTC - HELPFUL
Rated by Participant: 19E667D4EBCA0818C5242591F3188C758AD3B9408B7764239D63A77F6838A99E
Participant Details
Original Note:
In September 2021 HMRC estimated that in 2019/20 the financial loss from tax avoidance was £1.5 billion, while the cost of tax evasion was £5.5 billion. https://commonslibrary.parliament.uk/research-briefings/cbp-7948/#:~:text=In%2520September%25202021%2520HMRC%2520published,evasion%2520was%2520%C2%A35.5%2520billion. The £5bn in evasion roughly falls inline with Labour’s plans to tackle this shortfall. https://labour.org.uk/wp-content/uploads/2024/04/Labours-Plan-to-Close-the-Tax-Gap.pdf
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