Committee queries tax crackdown forecasts

Kashflow logo
Freelance journalist
Share this content

Government estimates for how much money measures against tax avoidance will raise may be unreliable, the Treasury committee has suggested, after the UK's tax evasion agreement with Switzerland raised far less than expected.

In 2012 the government forecast that its Swiss tax deal - under which Britons with money hidden in Swiss bank accounts are taxed and the money transferred to the Treasury without revealing the identity of the account holders - would raise £5.3bn, according to the Treasury committee.

Since then this estimate has been...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

14th Mar 2014 15:21


We told you so.

Thanks (0)
17th Mar 2014 11:16

perhaps we should just

shorten the opening paragraph to 'government estimates unreliable'....that pretty much covers everything then.

Thanks (1)
18th Apr 2014 18:11

While most of the Britain population leaves from paycheck to paycheck, sometimes depending on alternative funding online, the Government estimates earnings and the estimations grow within several passages actually. Would the country and its citizens really benefit from such measures I wonder.

Thanks (0)