our correspondent at the Tory party conference, Accountancy Age, Tuesday 5 October 2010 at 12:15:00

Chancellor attacks evasion but holds back from following Lib Dem assault onavoidance


Reform of child benefit may have dominated healines Tory chancellor GeorgeOsborne has also distanced hisself from the outspoken attacks on tax avoidanceand evasion launched by Business Secretary Vince Cable, Chief Treasury SecretaryDanny Alexander and party leader Nick Clegg at the Liberal Democrat conference.

Osborne declared: "We will not tolerate tax evasion. It is unacceptable atthe best times; it too is morally indefensible in times like these. And thisparty will not stand for it. So we will demand that the richest in our societybear their share of the burden."

But he made no mention of "avoidance" and the issue has not been seized on atthe Tory Party conference in Birmingham.

Osborne did however trumpet his determination to ensure a permanent tax onbanks "because it is fair that they help clear up the mess they did so much tocreate".

He made it clear in his keynote speech: "We will not allow money to flowimpeded out of those banks into huge bonuses, if that means money is not flowingout incredit to the small businesses who did nothing to cause this crash andsuffered most in it."

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