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February 17th, 2010

lexin: (Default)
Wednesday, February 17th, 2010 03:56 pm
Yes, yet another political entry.

From "Tax is the best form of defence" a circular produced by an old friend of mine, Anna Owens, and which is here.

"Currently the UK debt is £175 billion, an increase in £45bn from 2008. This debt could be nearly eradicated if HMRC (what was called the Inland Revenue) were given the resources to collect the £100 bn tax which is lost to the exchequer each year through tax avoidance, tax evasion and failure to collect."

Remember, she's not talking about introducing any new taxes. None. Just actually having more civil servants to get out there and do the job of identifying and collecting taxes that are already owed. And tax debt can go back six years. The government could eradicate the UK debt without cutting services, by spending more money where it's needed.