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Labour will crack down on tax avoiders to pay for its commitments to schools and the NHS, the shadow chancellor has said.
The party will look to raise £5 billion a year by the end of the next parliament by narrowing the tax gap – the difference between the amount of money HMRC is owed and the amount it actually receives.
It will also raise £2.6 billion over the next parliament by closing loopholes in the government’s plans to abolish exemptions for non-doms, people who are not “domiciled” in the UK for tax purposes.
The policy was first thrust into the spotlight when the Independent revealed that Rishi Sunak’s millionaire wife had claimed non-domicile status in order to save on her tax bill while her husband was chancellor.
So-called “…