Answer to Question #63459 in Economics for Ryan Smith

Question

Should the UK Government go after and collect outstanding tax revenues from these firms? Consider the pros and cons of doing so, then make a decision

Answer 1

The UK Government should go after and collect outstanding tax revenues from the firms. The main pro is that they could make firms pay their share of the taxes. A con would be that, in some cases, the cost could be greater than the recovered revenue.