The policies were originally intended to be funded by ending non-dom tax status before that plan was copied by the Conservatives
Labour will crack down on tax avoidance to replace the money lost through having its policy on non-dom status adopted by the Government,The policies were originally meant to be paid for by ending non-dom tax status for wealthy foreigners living in the UK – but Jeremy Hunt announced in the Budget that he was, Ms Reeves will say that beefing up HMRC’s enforcement powers with £555m of funding would allow a Labour government to take in an extra £5.1bn of tax a year.
Labour leader Sir Keir Starmer and Shadow Chancellor Rachel Reeves have kept a tight lid on spending commitments The National Audit Office has said that it should be possible to recover £6bn a year in unpaid tax, of which the Tories have already promised to find £1bn. The total tax gap stands at £36bn.Labour insiders argue that successful efforts by the Coalition Government to close the gap, before it widened again in recent years, show it is possible to make a significant difference.
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