By Darren McCaffrey, Sky News Reporter
The Chancellor is to announce an extra investment of £154m to crack down on tax avoidance.
George Osborne will order officials to use the cash to draft in an army of investigators to target high earners who aggressively avoid or evade paying tax.
The money will also fund extra staff to speed up work challenging multinationals' transfer pricing arrangements to stop global companies using legal loopholes to shift profits out of the UK.
It comes on the day a damning report by the Public Accounts Committee (PAC) is released, condemning global companies with huge UK operations that are getting away with paying little or no corporation tax.
Margaret Hodge chairs the Public Accounts Committee The tax avoidance plans employed by companies like Starbucks, Amazon and Google is described as "outrageous and an insult to British businesses and individuals who pay their fair share".
Starbucks announced on Sunday that it is preparing to change its tax affairs so it pays more into Britain's coffers.
There is now growing pressure on others to follow suit.
Margaret Hodge, who chairs the PAC, said: "It does feel as if corporation tax has become a voluntary tax and if you look at the money the Treasury gets in from corporation tax, in the last year alone we have over £6bn less.
Starbucks says it is reviewing its tax arrangements "At times like this when money is tight we need every penny of tax we can get."
The report is also critical of Her Majesty's Revenue and Customs (HMRC) saying that it lacked determination and looked way too lenient in the face of aggressive tax planning.
But Katja Hall, from Confederation of British Industry, told Sky News that tax avoidance is not a widespread problem.
"Companies pay £163bn in tax in the UK every year and the large majority of companies pay the right amount of tax."
The PAC report wants so called "tax scroungers" to be named and shamed in much the same way as benefit cheats.
But George Osborne said he did not want to price Britain out of the world economy.
"If we make our taxes less competitive that will just mean more companies stay out of Britain."
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