Chancellor closes loophole

The government are to close a loophole used for tax avoidance following campaign pressure

by Symon Hill 18th November 2011

British Quakers are celebrating a campaign success following the government’s decision to close a loophole that has allowed corporations to avoid millions of pounds in tax.  The chancellor of the exchequer, George Osborne, made the announcement only weeks after being lobbied on the issue by Friends and other Christian-based groups (see ‘Tackling tax dodging’, 4 November). Their letter to the government argued that a crackdown on tax avoidance is an alternative to excessive cuts.