Tax Avoidance
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Asked if today’s announcement on tax avoidance was purely coincidental given the vote on tuition fees later this week, the PMS that we had set out in the June Budget that the Government was committed to tackling tax avoidance, and had been clear that it would build in sustainable defences to address long-standing avoidance risks. The Government’s response to significant avoidance risks would be balanced with its commitment to improving predictability and stability in the tax system.
This Government was determined to provide fairness for taxpayers in ensuring everybody paid their fair share, but also to provide certainty for business whose investment would encourage a re-balancing of the economy and job creation. These changes dealt with longstanding loopholes and were becoming a reality under the Coalition Government.
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