Fantasy tax avoidance crackdowns are a fig leaf for unfunded manifesto pledges

Here is my analysis piece on the way political parties use tax avoidance crackdowns to paper over the gaps in funding their manifesto pledges.

There are two central truths about tax avoidance crackdowns. The first is they never raise as much money as they are supposed to. And the second is there are always unintended consequences, like firms pulling investment in the economy.

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