D
Deleted member 29721
Guest
Have you got a linkie to a quote from Corbyn where he says that? cos all I can find is stuff like this [from the BBC]:
<< Critics, including Labour's current shadow chancellor Chris Leslie, say this would lead to higher inflation and interest rates, with the poorest households paying the price. Mr Leslie also questions Mr Corbyn's claim that £120bn could be recovered from tax avoidance and evasion. >>
As far as I can tell the £120bn figure was first mentioned in Corbyn's economic policy document which is itself is a quote of Richard Murphy;
A detailed analysis last year produced by Richard Murphy suggests that the government is missing out on nearly £120 billion in tax revenues, per year.
and
The £120bn figure is made up from:
• about £20bn in tax debt, uncollected by HMRC which continues to suffer budget and staffing cuts (only partially reversed in the last Budget)
• another £20bn in tax avoidance
• and a further £80bn in tax evasion.
It doesn't say that all of the money is recoverable just that we are losing it, as mentioned above, Richard Murphy estimates £20bn may be recoverable. The figure has then been widely misquoted by every bugger as £120bn that will be recovered or in the case of a clown from the Times as a £100bn gap in Corbyn's economic policy.