Labour to trump Tories on tax avoidance crackdown

Tax avoiders would face bigger fines as part of Labour's plan to raise an extra £7.5bn a year, if the party wins the General Election. If it takes power in May, Labour said it would carry out an immediate review of the tax collection system to close loopholes. The Conservatives have said they planned to claw back £5bn from tax avoiders. But Paul Johnson, the director of the independent Institute for Fiscal Studies, told the BBC both main parties are "making up numbers" in terms of what they can raise from tax avoidance and evasion. "The Conservatives are committed to getting £5b...