Claim: The Treasury loses £40 billion each year due to tax evasion and avoidance by the super-rich and the corporate elite.
Fact-check: Does the Treasury lose £40 billion each year to the super-rich?  - Full Fact
Verdict: that's a long way off from hmrc's estimates, although there's necessarily a lot of uncertainty here.
Organisation: Full Fact
Author: Richard Braham
Date published: 2017-03-31T00:00:00