Trade Unions say Close Tax Loophole to Meet UK Poverty Goals
Child poverty costs each person in Britain an estimated 600 pounds ($1,200) per year, and improving conditions for the poor will require about 4 billion pounds per year through extra benefits and tax credits.
"This amount could easily be raised by closing the tax loopholes of the super-rich," TUC chief Brendan Barber told reporters in Brighton on the eve of an annual union summit.
"Ending the widespread abuse of the non-domiciliary tax break ... and replacing it with a proper test of residency, on conservative estimates, can easily raise four billion pounds a year."
High earners can avoid paying tax on overseas earnings by claiming they are not domiciled in Britain, although they must pay tax on income in Britain at a higher rate than low earners.