Danny Alexander is either stopping tax 80% of tax avoidance or is admitting my estimates are right

Posted on

I love this headline from the Telegraph:

We’re coming for you, Danny Alexander warns tax dodgers

Concerted action on tax avoidance and evasion will raise almost £4billion for the Treasury this year, Danny Alexander will claim.

Now that's interesting. HMRC are adamant tax avoidance is only £5 billion a year. Are they really saying they are going to almost eliminate it? Or is this tacit admission that my estimate of tax avoidance of £25 billion is much more accurate?

Either way, I wish Alexander really collected that money: I am not sure this is anything more than PR huff, but I'll suspend my disbelief if they stop talking nonsense about the scale of the problem which only harms the credibility of their efforts to address it.