I know this will get blown up into some massive number but think for a moment:
British clients of an HSBC-owned private Swiss bank that is the focus of a major HM Revenue & Customs investigation are alleged to have evaded tax by an amount likely to exceed £200m, the Observer has learned.
Note that this is not the sum for one year. I’ll assume, just because it’s necessary to assume something, it’s for a decade. £20 million a year then as against what, £500 billion the government takes?
It may well be illegal, naughty, immoral and all the rest. But it’s not a significant number.