Birdwatch Note Rating
2024-08-15 14:35:24 UTC - HELPFUL
Rated by Participant: 271BF4ADED77210294AED28ECBEEF68E5A37B633744BF7A8AC147E213B90D032
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
All Note Details