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Treasury Committee criticises government tax targets

Accountancy Age

THE ACCURACY of the government’s tax targets have been queried by the Treasury Select Committee. The yield from tax agreements such as the UK-Swiss deal has fallen well short of expectations, with that particular arrangement only generating a quarter of the £3bn target in 2013. The deal overall was thought to be worth £5bn to the public purse, but Office for Budget Responsibility figures show just £800m has been collected since it came…

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