George Osborne is set to hammer big and small tax avoiders in Wednesday’s mini-budget.
The Chancellor will slap a new “Google tax” on multinational technology firms that don’t pay their fair share in the UK.
HM Customs & Revenue is set to get powers to seize unpaid tax from personal savings accounts, reports the Sunday People.
Mr
Osborne has named Google and Microsoft as companies that “go to
extraordinary lengths to pay little or no tax here” and will outline
plans to force firms to declare profits made in the UK.
A
Financial Times analysis of seven US tech giants including Apple, eBay,
Amazon and Facebook showed they paid just £54million in UK corporate
tax in 2012 on sales worth billions.
PA
Reveal: Google was identified as a companiy that will “go to extraordinary lengths"
Mr Osborne will also unveil his new personal anti-tax-avoidance plans in his Autumn Statement.
Under his plans, anyone who owes the taxman £1,000 or more could have their ISA raided.
There
is also speculation he will use his last Autumn Statement before May’s
General Election to raise the threshold for paying inheritance tax.
He
is also set to announce a road building programme and – in a move
designed to spike Labour’s plan to make the NHS its key election issue
– may pledge an extra £1.5billion to the NHS.
Possible NHS pledge
£1.5billion
Mr Osborne said Brits must brace themselves for more austerity as other countries dip back towards recession.
He added: “Our economy is growing. We must not throw this away and go back to square one.
"We have to deal with the flashing warning lights of the world economy.”
But Shadow Treasury Secretary Chris Leslie said: “We need to see big changes to our economy so we can deliver a recovery for the many and not just a few.”
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