Government half-measures on tax avoidance and pay not enough

So Jimmy Carr was out of order in his K2 tax fiddle, he was in Cameron’s phrase ‘morally wrong’ for trying to avoid tax, and now he’s tweeted his apology by saying he made ‘an enormous error of judgement’ (having the previous day said defiantly “I pay what I have to and not a penny more”), Cameron got his man, so that’s all done and dusted then.

Except it isn’t: one celebrity swallow in repentance doesn’t make a summer. There are 1,100 rich persons cheating taxpayers out of due tax on £168m a year by using K2, plus, it’s now been revealed, another celebrity Gary Barlow of Take That and 1,000 others who also squirrel away another £480m a year in offshore music investment schemes to dodge proper payment of tax. But that’s just the tip of the iceberg. Continue reading