Labour's shadow chancellor, Rachel Reeves, outlines a plan to tackle tax dodgers and raise £5 billion a year by narrowing the tax gap. This comes after Jeremy Hunt adopted some of Labour's revenue-raising policies in his Budget.
Labour ’s Rachel Reeves has said a plan to crack down on tax dodgers to fill a hole in her spending plans is not “rocket science”.
Labour also hopes to raise £2.6 billion over the next parliament by closing “loopholes” in the Government’s plans to abolish exemptions for “non-doms”, people who are not “domiciled” in the UK for tax purposes. It will also consider requiring more tax schemes to be registered with HMRC to make sure they are legitimate, and plans a focus on offshore tax compliance.
She added: “The Government’s plans that they announced in March about non-doms, they said they were taking our policy; well, it turns out they’ve taken it but left a load of loopholes in it. Ms Reeves told BBC Radio 4’s Today programme: “This is the worst economic inheritance since the Second World War and it will constrain what an incoming government could do, but there’s always choices to be made.”
Labour Rachel Reeves Tax Dodgers Spending Plans Budget Revenue-Raising Policies National Insurance Tax Gap HM Revenue & Customs Exemptions Non-Doms
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Rachel Reeves Rejects Accusation Labour Offering Just 'Crumbs' Of InvestmentNed Simons is politics news editor for HuffPost UK based in London. He can be reached by email at ned.simonshuffpost.com or on Twitter nedsimons.
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