Sentence examples for evasion costs from inspiring English sources

The government is being far softer on tax evaders even though it estimates tax evasion costs 29 times more than benefit fraud.

The Costs of Tax Abuse (PDF), by the Tax Justice Network, based on data from 145 countries, shows that tax evasion costs those nations $3.1tn annually.

"Cigarette-tax evasion costs the city an estimated $40 million in lost tax revenue annually," Mayor Michael R. Bloomberg said Tuesday.

The European tax commissioner, Algirdas Semeta, has said that tax evasion costs European nations about 1 trillion euros, or $1.3 trillion, in lost revenue each year, and cash-poor governments are eager to track down their citizens' hidden assets.

"Offshore tax evasion costs the U.S. jobs and billions of dollars each year, and it puts an unfair burden on the average American taxpayer to make up the difference," Senator Max Baucus, the Montana Democrat who is chairman of the Senate Finance Committee and a sponsor of the legislation, wrote in an e-mail.

Tax evasion costs EU states 1tn euros ($1.3tn £0.85tnn) a year, partly to tax havens, including non-EU-member Switzerland.

The expansion of global capital markets has also increased opportunities for tax evasion, costing developing countries billions of dollars.

Mr. Woerth estimated in the article that tax crimes of all kinds, including tax evasion, cost the French government €50 billion a year in lost revenue.

In 2013/14, licence fee evasion cost the BBC between £196m and £235m in lost revenue, so it's important we minimise evasion to ensure as much money as possible goes towards BBC programmes and services".

The former Labour prime minister says that only Europe could prompt an unwilling US into a global effort to stamp out evasion costing $7tn£4.8tntn) a year by drawing up a tax haven blacklist and ensuring there were "no treasure islands for the money launderers".

Last year, tax evasion cost us billions.