Saturday, 2 November 2013

from the people who brought you the spareroom subsidy reduction

A Conservative minister, Stephen Hammond, used an offshore company to buy his second home. 
By not owning the villa directly, in his own name, he was able to reduce his tax bill in both Britain and Portugal by an estimated £20,000
Mr Hammond has been the MP for Wimbledon since 2005. He employs his wife, Sally, as his office manager, paying her £45,000 a year from taxpayer funds.

How lucky we are that David Cameron has described legal tax havens as “morally wrong” and  George Osborne said legal but aggressive tax avoidance was “morally repugnant.

Lets hope they get to be in power one day and get the opportunity to do something about it.

No comments: