To ask Mr Chancellor of the Exchequer, what steps he has taken to tackle corporate tax evasion following the publication of the Panama Papers.
Answered on
7 December 2017
The government has taken significant action to tackle avoidance, evasion, and non-compliance; including securing almost £160 billion of additional tax revenue since 2010, introducing over 100 measures, and investing around £2 billion extra in HMRC.
At Budget, the government took further steps to tackle these issues, which are forecast to raise £4.8 billion between now and 2022-23 for our vital public services. These efforts have helped the UK tax gap fall to 6.0% - its lowest level ever, and one of the lowest in the world.
The UK will continue to engage with our international partners to achieve a consistent and targeted approach for tackling tax avoidance and evasion.