1. "The exchequer loses at least £5bn a year because the taxman is failing to crack down on "morally wrong" tax avoidance schemes similar to the one used by comedian Jimmy Carr, the chair of the Commons public accounts committee warns today.

    Margaret Hodge, the former Labour minister, said rich businessmen designing the schemes were ‘running rings’ around HMRC.”

    —- Find out more about corporate tax avoidance and buy Richard Murphy’s Over Here and Undertaxed —-