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The Government has been heavily criticised after it was revealed that the Student Loans Company CEO was being paid via an agreed tax avoidance scheme.
The Institute of Fiscal Studies has argued that taxes in the upcoming March Budget could be viably cut in order to boost the economy.
The main rate of corporation tax should be cut to 20 per cent to boost business and economic growth, according to a report published by the Centre of Policy Studies (CPS).
The Government has come down hard on the latest tax avoidance scheme, with a change in law with immediate effect.
HMRC has been accused of defying the Government's own attempts to reduce red tape by ramping up its business record checks.
