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25 November 2011updated 04 Oct 2023 10:23am

Tax avoidance costs UK economy £69.9 billion a year

New report from the Tax Justice Network highlights the staggering extent of global tax evasion.

By Mark Jenner

In March earlier this year The Spectator published an article ‘Debunking UK Uncut‘ over their campaign against tax avoidance. The author — Nick Hayns from the Institute for Economic Affairs — pleaded with readers not to let “UK Uncut get away with throwing all logic out of the window.” But as nations across Europe feel the sting of reduced living standards, the true extent of global tax avoidance — as revealed today by the Tax Justice Network — will act to bolster feelings that such injustice can no longer be swept aside with the kind of insouciance Hayn displays.

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