The tax gap is huge, and we would have a fairer tax system and collect more tax if we resourced HMRC properly to address this issue

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I was amused to note this on Fox Business news in the USA:

U.S. Treasury Secretary Janet Yellen said on Wednesday that if the IRS were funded appropriately and therefore able to crack down on tax cheats, the U.S. would be able to collect more revenue without raising taxes.

“The tax gap is huge, and I think we would have a fairer tax system and collect more tax revenue without the need to raise rates if we resourced the IRS properly to be able to address this issue,” Yellen said during testimony before the Senate.

She is right, of course.

I have been saying this for more than a decade.

Now, if only HM Revenue & Customs would take note.