So, after the leaking of the Paradise Papers, how is the UK doing on tackling tax evasion and avoidance?
Figures from HM Revenue & Customs suggest that a series of measures to tackle offshore tax evasion will only bring in £349m a year – £650m a year less than had been hoped for.
Meanwhile a total of 28 anti-avoidance measures introduced under the Coalition and Conservative governments are bringing in less than expected, and the gap between the tax take originally expected from them and the revised forecasts total £2.1bn, or 25%.
Time to get serious with the tax dodgers.
More information here.