{"id":56194,"date":"2021-03-25T14:06:37","date_gmt":"2021-03-25T14:06:37","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=56194"},"modified":"2021-03-25T14:06:37","modified_gmt":"2021-03-25T14:06:37","slug":"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","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/03\/25\/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\/","title":{"rendered":"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"},"content":{"rendered":"<p>I was <a href=\"https:\/\/www.foxbusiness.com\/economy\/irs-raise-revenue-without-raising-tax-rates-resources-yellen\" target=\"_blank\" rel=\"noopener noreferrer\">amused to note this on Fox Business news<\/a> in the USA:<\/p>\n<blockquote><p>U.S. Treasury Secretary Janet Yellen\u00a0said on Wednesday that if the\u00a0IRS 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.<\/p>\n<p>\u201cThe 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,\u201d Yellen said during testimony before the Senate.<\/p><\/blockquote>\n<p>She is right, of course.<\/p>\n<p>I have been saying this for more than a decade.<\/p>\n<p>Now, if only HM Revenue &amp; Customs would take note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was amused to note this on Fox Business news in the USA: U.S. Treasury Secretary Janet Yellen\u00a0said on Wednesday that if the\u00a0IRS were funded<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/03\/25\/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\/\"><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":[107,50,97],"tags":[],"class_list":["post-56194","post","type-post","status-publish","format-standard","hentry","category-hmrc","category-tax-gap","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/56194","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=56194"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/56194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=56194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=56194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=56194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}