'£5bn tax evasion'
AS many people across Wales send in their tax returns today, Oxfam Cymru has claimed that tax evasion is depriving the UK economy of more than £5 billion a year.
The charity said the sum was for tax illegally evaded by individuals only. Official UK Government figures put the complete tax gap — from companies and those (legally) avoiding as well as (illegally) evading tax — at £32 billion a year.
"Austerity measures are hitting the poorest people in Wales hardest, but it wouldn't have to be like this if the rich paid their taxes in full," said Julian Rosser, head of Oxfam Cymru.
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