• will introduce 25% tax on multinationals artificially shifted out of UK
  • diverted profits tax will raise GBP1 bln over next 5 years
  • will limit extent to which banks can offset past financial crisis losses against future tax
  • reduced tax allowances for banks will raise GBP 4bln over next 5 years
  • will raise annual charge for non-domiciled taxpayers in UK for more than 12 years to GBP 60,000

He may have played down the effect of reduced income tax from the newly employed but he seems happy to accept that the govt has been somewhat lax in its tax collection from other sources

There’s a chance it may make our shores less attractive for those less inclined to pay appropriate tax on income but I’m sure their accountants will be combing through the small print as I type