Birdwatch Note Rating
2024-08-15 07:22:20 UTC - HELPFUL
Rated by Participant: E4E2B05DC3CDD8F983C47D17E3371CCAF6F17DCF7ED132458BED4C82D919DBF0
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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