A crackdown on tax dodgers will help the poor and make huge cuts unnecessary

The UK loses £120bn a year through tax evasion, tax avoidance and uncollected tax; launching a crackdown on tax dodgers will raise billions to help the poor.

Our guest writer is Paul Collins of War on Want

Anti-poverty charity War on Want will demonstrate today after chancellor George Osborne announces the worst cuts in jobs and public services for decades under his spending review, under which poor people will be hit hardest by a financial crisis sparked by the rich.

War on Want will join a Coalition of Resistance protest outside Downing Street, where speakers will include Mark Serwotka, the Public and Commercial Services Union leader, and former Labour cabinet minister Tony Benn, arguing that it is scandalous the coalition government plans to make the poor suffer for a crisis they did not cause.

There is a positive alternative to the government’s cuts programme – an alternative that is within our grasp. Taxing the banks and launching a crackdown on tax dodgers can not only avoid the cuts, but raise billions to help the poor.

The most vulnerable people face worse living standards while banks rescued with a £500 billion bailout from trouble prompted by greed are now piling up profits and paying huge bonuses to executives: Lloyds TSB in August reported £1.6 billion profits with RBS recording £2.1 billion profits in the same month, while cash bonuses in the City will reach almost £7 billion, according to the Centre for Economics and Business Research.

There are warnings that cutting 500,000 public sector jobs over five years risks triggering a double-dip recession in Britain, as in many other European countries.

The UK exchequer loses £120 billion a year through tax evasion, tax avoidance and uncollected tax. The Channel 4 television programme Dispatches on Monday accused three cabinet ministers of tax avoidance – Osborne, international development secretary Andrew Mitchell and transport secretary Philip Hammond. Moreover, tax dodgers cost developing countries £250 billion a year.

War on Want asks that banks pay their fair share to help tackle the crisis via a Robin Hood tax on financial transactions which could raise £20 billion in the UK alone. Reversing a programme of cuts in tax inspectors’ jobs and the closure of their offices would fight tax dodges.

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26 Responses to “A crackdown on tax dodgers will help the poor and make huge cuts unnecessary”

  1. manishta sunnia

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  2. Rosie

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  3. Ma

    RT @leftfootfwd A crackdown on tax dodgers will help: http://bit.ly/aygATV by @waronwant >> going after the bankers would give justice

  4. Shamik Das

    A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant on @leftfootfwd

  5. 'king idiot

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary http://bit.ly/d1gQfs

  6. isla dowds

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  7. Acid Fascists

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  8. Deborah Segalini

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  9. War on Want

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  10. Teresa

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  11. Geoffrey Pearson

    But will anyone listen?…RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary http://bit.ly/d1gQfs

  12. Ruth Rosselson

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  13. Helen W

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  14. Spinwatch

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  15. editors

    @BBCLauraK The BBC's "special coverage of the spending review": dominated and skewed by narrow interests. Try instead: http://bit.ly/aygATV

  16. peter fainton

    RT @medialens: @BBCLauraK The BBC's "special coverage of spending review": skewed by narrow interests. Try instead: http://bit.ly/aygATV

  17. Morgan Dalton

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary: http://bit.ly/aygATV by @waronwant

  18. Liz A

    A crackdown on tax dodgers will help the poor and make huge cuts unnecessary http://bit.ly/aU8NIa | Left Foot Forward

  19. Kyle Grayson

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary http://bit.ly/d1gQfs

  20. John Rentoul

    "War on Want fights poverty in developing countries" Anyone know why it is demonstrating against the #csr? http://ind.pn/ad6MWP

  21. Darren Johnson

    Would it be better to clap down on tax dodgers, than hit the poor? War on want think so http://bit.ly/96iAgr

  22. Newbloke

    RT @leftfootfwd: A crackdown on tax dodgers will help the poor and make huge cuts unnecessary http://bit.ly/d1gQfs

  23. Mr. Sensible

    Fully agree.

  24. Larry Gardiner

    RT @johnrentoul: "War on Want fights poverty in developing countries" Anyone know why it is demonstrating against the #csr? http://ind.pn/ad6MWP

  25. Protesters demand resignation of HMRC boss for colluding with tax avoiders | Left Foot Forward

    […] A crackdown on tax dodgers will help the poor and make huge cuts unnecessary – Paul Collins, October 20th 2010 Share | Permalink | Leave a comment […]

  26. So, Mr Cameron, are Tory boys Philip Green and Gary Barlow “morally wrong” as well? | Left Foot Forward

    […] A crackdown on tax dodgers will help the poor and make huge cuts unnecessary 20 Oct […]

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