Paying cash-in-hand 'morally wrong'

Quote of the day: 'I think it is morally wrong. It is illegal for the plumber but it is pretty implicit in those circumstances that there is a reason why there is a discount for cash. That is a large part of the hidden economy.' Treasury Minister David Gauke today issued a chiding message to the country through the Daily Telegraph, claiming that paying tradesmen cash-in-hand only means others have to pay more tax. Apparently cash-in-hand payments cost the Treasury around £2bn per year in lost revenues. We can't help thinking the tax system is already designed to compensate for this, though...

by Michael Northcott
Last Updated: 09 Oct 2013

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