{"id":12339,"date":"2011-10-11T06:59:37","date_gmt":"2011-10-11T05:59:37","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=12339"},"modified":"2011-10-11T06:59:37","modified_gmt":"2011-10-11T05:59:37","slug":"the-18-billion-cost-of-tax-havens-to-the-uk","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/10\/11\/the-18-billion-cost-of-tax-havens-to-the-uk\/","title":{"rendered":"The \u00c2\u00a318 billion cost of tax havens to the UK"},"content":{"rendered":"<p>I note that some\u00a0press\u00a0reporting of the new Action Aid tax report is\u00a0suggesting\u00a0that the use\u00a0of\u00a0tax havens by FTSE 100\u00a0companies\u00a0may cost the UK up to \u00a318 billion a year and that the number in question is sourced to me.<\/p>\n<p>The<a href=\"http:\/\/www.taxresearch.org.uk\/Documents\/TaxHavenCostTRLLP.pdf\" target=\"_blank\"> report that underpins this estimate of the cost of tax havens to the UK is here<\/a>.<\/p>\n<p>Only \u00a33bn of the loss is however attributable in my estimate to large companies. I think the clarification is important. Only \u00a312 billion of tax avoidance in total i<a href=\"http:\/\/www.tuc.org.uk\/touchstone\/Missingbillions\/1missingbillions.pdf\" target=\"_blank\">s attributable to such companies, in my estimate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I note that some\u00a0press\u00a0reporting of the new Action Aid tax report is\u00a0suggesting\u00a0that the use\u00a0of\u00a0tax havens by FTSE 100\u00a0companies\u00a0may cost the UK up to \u00a318 billion<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/10\/11\/the-18-billion-cost-of-tax-havens-to-the-uk\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,32],"tags":[],"class_list":["post-12339","post","type-post","status-publish","format-standard","hentry","category-secrecy-jurisdictions","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=12339"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=12339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=12339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=12339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}