SCOTLAND is losing out on almost £3 billion each year because of tax avoidance and the Westminster Government’s failure to close legal loopholes, the SNP have claimed.
During an evidence session of Holyrood’s Finance Committee last week, Office for Budget Responsibility (OBR) chief Andy King estimated that around £35 billion a year is lost across the UK as a whole due to tax avoidance.
The SNP calculated that on a population share basis, each adult and child in Scotland is missing out on an estimated £500 each, totalling a whopping £2.835 billion overall.
