"Small businesses have little opportunity for tax avoidance, unlike limited companies and corporations."
Isn't that the real reason that HMRC is scraping the bottom of the barrel trying to catch small or even micro-businesses and individuals evading small or even tiny amounts of tax?
Even if £5.5 billion is correct isn't it a drop in the ocean compared with the 100s of billions that are never taxed because of a huge expansion in the tax avoidance industry? I seem to remember (many years ago) that HMRC admitted that they negotiated with the then relatively new mega-corporate giants to get some tax out of them. Rather than risk a prosecution which could take years and from which they could still end up with nothing.
Isn't the real problem that as corporate giants and the super-rich have monopolised an ever larger slice of GDP trillions have been shielded from any sort of taxation. So instead of progressive taxation extending upwards and throughout the economy an ever larger percentage of corporate earnings are never taxed at all.
Perhaps Rachel should take an axe to Tax Avoidance schemes rather than chasing someone who sells 31 old dresses, or pinching back my WFA, it would certainly fill any Black Hole quicker and if she squeezed hard enough we might even be able to afford decent education, healthcare and pensions again.
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