Challenges of Tax Avoidance

Tax avoidance is a notable issue addressed in the podcast, with Rachel Reeves unveiling a plan to tackle this problem by increasing compliance officers and investing in digitization. Reeves' motivation behind this initiative stems from the need to retrieve funds lost due to tax evasion. The discussion delves into the distinctions between tax evasion and avoidance, with examples like the K2 scheme revealing questionable practices in reducing tax liabilities.