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Target fiscal loopholes; ease off over SMEs

Small and medium-sized enterprises (SMEs) are the backbone of our economy. It is these businesses that will return us to growth.

Most small businessowners pay their taxes and are happy to do so. To suggest that tax-avoidance is the default mode for tradesmen is incorrect and offensive.

To suggest that cash-in-hand payments are as significant a problem as the wholesale tax-avoidance carried out by some corporations is absurd.

We read that the super-rich are hiding as much as £13tn in offshore tax havens. If the Government is really concerned about damage to the Exchequer, it should spend more time closing the loopholes that enable this and less time undermining trust in small businesses.

JASON STOCKWOOD

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