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HMRC failed to take on top tax dodgers
Watchdog says HMRC 'lost nerve' when pursuing big firms

Tax avoidance by multinational companies has been roundly ignored while the government pursues small businesses and individuals, a committee of MPs claimed yesterday.

A report published by the public accounts committee (PAC) criticised the government's lack of action over tackling "aggressive" tax avoidance and chasing down multinationals.

HM Revenue and Customs (HMRC) brought in £475.6 billion in revenue for the government in 2012/13 - an increase of £1.4bn or 0.3 per cent in cash terms over the previous year, the report found.

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