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Shaking the magic money tree

Danny Alexander and George Osborne have both promised to boost revenues by cracking down on tax avoidance

By Emran Mian  

Who said what to whom? The Chief Secretary to the Treasury Danny Alexander told the Liberal Democrat conference in September that new government measures to crack down on tax avoidance could provide an additional £10bn per year of tax revenues by 2015. The Chancellor George Osborne has been more modest, scoring an additional £2bn in revenues for 2015 in his Autumn Statement.

What does it mean? New policies are being funded through this crack down on tax avoidance. In the Autumn Statement, this included the extension of free school meals, the transferable tax allowance for married couples and the promise…

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