Collecting missing billions would change debate about public spending
30 May 2014 10:33 AM
New research by tax
expert Richard Murphy shows the UK exchequer is likely to lose up to £47
billion this year through unrecorded sales of UK
businesses.
Commenting on the report,
published on Richard's Tax Research blog,
PCS general secretary Mark Serwotka said: "Collecting even a fraction of
this money would change the debate about public spending
overnight.
"It is clear that HMRC
needs to stop cutting jobs and start investing properly in staff and resources
to enable it to fulfill its important role, which is central to all the other
public services that we all rely on."