On Monday 21 June Britain’s first Green MP is to issue a new report – 'Cuts: the callous con trick' – in which she will make the case that cuts are unnecessary “because the economy could instead be rebalanced using additional tax revenues.”
The report, written jointly with tax expert Richard Murphy and Colin Hines of Finance for the Future, condemns the government “for failing to the electorate the option of fair tax instead of cuts,” and accuses ministers of increasing the likelihood of a double-dip recession.
Green Party leader Caroline Lucas MP said:
“Whilst these appalling losses to the nation’s coffers are occurring, HM Revenue & Customs are pursuing a programme of job cuts which will ultimately reduce their own staff by 20,000 – close to one quarter of the total. This makes absolutely no sense. This programme should be reversed, staff re-employed, and local tax offices re-opened in order to tackle tax abuse. It has been calculated that at least £15 billion of extra tax could be collected each year as a result. That could prevent a massive range of cuts."
Richard Murphy, tax expert, chartered accountant and co-author of the report said:
“Our report sets out a range of additional options for changing the tax rules for the UK so that more than £40 billion of additional taxes could be raised each year by the end of the life of this parliament. That, together with the tax collecting efficiency savings already noted, would together deliver more than £60 billion of tax revenues for the UK – so preventing the need for any cuts at all.”
Who benefits from cutting back on tax collection? Tax avoiders. Yet our big three parties talk endlessly and direct polict to benefit cheats, a target the tabloids seem to prefer.
The amount of Tax avoidance and evasion is “truly staggering” – it could be as high as £100bn a year.
The report can be read at: www.financeforthefuture.com/TaxBriefing.pdf.
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