Budget 2013: Govt to crack down on 'aggressive' tax avoidance

Tax avoidance measures could yield the public purse an extra £1bn, George Osborne said. These include an agreement with tax havens the Isle of Man and the Channel Islands. The Chancellor fired a warning to those who try to avoid paying the tax they owe, saying "this government will not let you get away with aggressive tax avoidance". He also pledged to "name and shame" companies who actively promote tax avoidance schemes.  Today also finalises long-awaited anti-tax avoidance legislation due to take effect in April. Nearly three years after the first draft of a General Anti Ab...