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Tax avoidance is an arms race. If we spend more on collection, corporations will spend more on avoidance, and we’ll waste money on an unwinnable war against better accountants. 

That’s the argument.

But if it was a real arms race, even against a mighty foe, Mr Cameron would be touring the world with arms manufacturers. He’d be imploring us to compete, battle, never give up. He’d be railing against the enemy.

Instead, we get collusion and surrender, obfuscation and downright lies.

If this is an arms race, our government is, at best, sympathetic to the enemy. And at worst, actively fighting on their behalf.

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