Tax-Dodging Billionaires Are Being Let off the Hook by HMRC, Warn MPs – Byline Times
Prosecutions of wealthy tax evaders have collapsed, with MPs warning that UK authorities are failing to keep track of those avoiding their duesDavid Hencke (Byline Times)
HollieK
in reply to Michael • • •Hmmm.
"HMRC defines the wealthy as anybody earning over £200,000 a year and with assets totalling over £2 million. But billionaires have huge wealth and can be worth 500 times more than those classified as wealthy by the tax authorities."
"The report states that the number of wealthy people in the UK jumped from 700,000 to 850,000 in the last five years – but it has lumped together those earning £200,000 annually with the super wealthy."