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Tax avoidance
Issue
1
#65953
Wealthy individuals and corporations can avoid taxation through various means. Closing these loopholes could address the budget deficit substantially.
CONTEXT
(Help)
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UK economic problems »
UK economic problems
UK economic problems☜UK GDP (2010) £1410 bn. National debt £850 bn, 60% of GDP. (Context: Japans debt is 194% of GDP, Italy is 100% of GDP). £107 bn is due to banks bailout 2009. Annual borrowing is 12% of GDP. 1/6th of borrowing is to service the National Debt.☜F1CEB7
▲
Government Spending »
Government Spending
Government Spending☜☜FFB597
▲
Taxation »
Taxation
Taxation☜☜FFB597
■
Tax avoidance
Tax avoidance☜Wealthy individuals and corporations can avoid taxation through various means. Closing these loopholes could address the budget deficit substantially. ☜FFB597
●
Global action on tax havens »
Global action on tax havens
Global action on tax havens☜Globalisation of markets demands globalisation of tax regimes. All economies suffer from the haemorrhage of wealth to tax havens. If tax regimes are substantially (but not exactly) similar, and tax havens are closed, the whole world would benefit. ☜FFB597
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Entered by:-
Richard Lawson
NodeID:
#65953
Node type:
Issue
Entry date (GMT):
6/13/2010 4:21:00 PM
Last edit date (GMT):
6/13/2010 4:21:00 PM
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