Found: a solution to the 10p tax problem

Closing this gap by charging capital gains tax (CGT) on the sales of foreign holdings could well form the second strand of the strategy. By the end of 2006, the cumulative tax savings recorded in the accounts of these companies amounted to a staggering £4/bn - which seems indefensible when people on £200 a week are required to pay more tax. Or how about getting tougher on tax avoidance? A recent crackdown has already led to more than 60,000 people admitting substantial undeclared income in offshore bank accounts, with a prospect of a £50 om tax recovery.