• AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    This is the best summary I could come up with:


    Officials concluded that this “additional breakdown of the tax gap should not be released within the election period” in line with guidance for civil servants.

    Election guidance for civil servants says that statistical activities should “avoid competition with parliamentary candidates for the attention of the public”.

    Claire Aston, director of TaxWatch, said: “The main political parties pledged in their election manifestos to raise more revenue by closing the tax gap, and given that, these figures should not have been held back.”

    A common reporting standard approved by the OECD in 2014 now enables the automatic exchange of financial information between partner countries to combat tax evasion.

    The standard under which nearly all UK residents with overseas bank accounts have the balance and interest reported annually to HMRC has provided an invaluable resource of new information to officials.

    It said in a briefing last month: “Ambitious targets are to be applauded but our advice to politicians of all parties is not to spend the money before it’s been collected.”


    The original article contains 661 words, the summary contains 168 words. Saved 75%. I’m a bot and I’m open source!