Where are the £5 billion of anti-avoidance measures in the PBR

Posted on

Alastair darling said the PBR included £5 billion of anti-avoidance measures.

The trouble is the PBR report makes no mention of such sum in its detailed calculations — page  10 — where I can find £480 million at most.

Which means he must think the Code of Conduct for Banks and the measures on offshore tax evasion are going to do the rest. All of which suggests that what I’ve always said about the cost of tax abuse is right.