Great UK stats on the cost effectiveness of persuing offshore tax evasion!

I found some great statistics in the UK Satirical magazine “Private Eye”  (www.private-eye.co.uk ) don’t know the source of these stats but I think they are fairly believable

250 Annual convictions for benefit fraud, which costs the tax payer less than £1bn per year.

50 Annual convictions for tax credit fraud, which costs the tax payer less than £1bn per year.

0 Annual convictions for tax evasion using offshore accounts, which costs the tax payer £3bn per year.

My Note; repayment of all benefits paid plus a bit extra is always part of the resolution of benefit cases..

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