Reposted from Public & Commercial Services website
The Left Economics Advisory Panel lists these reasons:
Maude wants the UK to be a tax haven
In 2012, Cabinet Office minister Francis Maude said it was a“compliment for” for the UK to be described as a tax haven.
George Osborne slashing taxes for big business and the rich
A hallmark of a tax haven is low or minimal tax rates. Corporation tax has been slashed from 52% in 1979 to 23% now, and chancellor George Osborne aims to lower it to 20% by 2015.
Many government ministers’ wealth is based on tax avoidance and evasion
You can’t collect taxes without the resources to do it
Combined the annual tax gap is estimated at £120 billion. Yet the government is slashing HMRC’s resources.