Tax gap between large and small businesses is widening

Tax gap between large and small businesses is widening

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses public concerns about tax fairness, highlighting the disparity between individual taxpayers and multinational companies. MPs are urging action on the increasing tax gap and aggressive tax avoidance schemes. HMRC defends its efforts, claiming equal treatment of all taxpayers. A former tax inspector suggests that smaller cases are often targeted due to ease of investigation. The video also references high-profile cases like Starbucks, which have sparked ongoing debates about the fairness of the tax system.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the concerns expressed by small business owners regarding tax rates compared to large multinational companies?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions are being demanded by MPs in relation to tax avoidance?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does HMRC defend its position on tax collection and avoidance?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What evidence did a former tax inspector provide regarding the focus of tax investigations?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What example was given to illustrate the debate over tax fairness in the UK?

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