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Post by ARENA on Nov 6, 2017 8:25:28 GMT
Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund as part of an offshore portfolio that has never before been disclosed, according to documents revealed in an investigation into offshore tax havens.
Files from a substantial leak show for the first time how the Queen, through the Duchy of Lancaster, has held and still holds investments via funds that have put money into an array of businesses, including the off-licence chain Threshers, and the retailer BrightHouse, which has been criticised for exploiting thousands of poor families and vulnerable people.
The duchy admitted it had no idea about its 12-year investment in BrightHouse until approached by the Guardian and other partners in an international project called the Paradise Papers.
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Post by Deleted on Nov 6, 2017 8:47:36 GMT
Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund as part of an offshore portfolio that has never before been disclosed, according to documents revealed in an investigation into offshore tax havens. Files from a substantial leak show for the first time how the Queen, through the Duchy of Lancaster, has held and still holds investments via funds that have put money into an array of businesses, including the off-licence chain Threshers, and the retailer BrightHouse, which has been criticised for exploiting thousands of poor families and vulnerable people. The duchy admitted it had no idea about its 12-year investment in BrightHouse until approached by the Guardian and other partners in an international project called the Paradise Papers. |
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Post by Deleted on Nov 6, 2017 8:50:43 GMT
Tax payers fork out to keep one whilst one avoids paying tax oneself, one isn't stupid!
This leak also exposes the hypocrisy or people like Bono who implore the rich West to pay more in foreign aid to poor countries whilst avoiding paying the tax themselves to enable this to happen
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Post by ARENA on Nov 6, 2017 11:48:22 GMT
Meanwhile, Lewis Hamilton is probably in line for a knighthood!
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Post by rondetto on Nov 6, 2017 12:15:21 GMT
And............all perfectly legal.  |
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Post by Deleted on Nov 6, 2017 12:17:36 GMT
Meanwhile, Lewis Hamilton is probably in line for a knighthood! Ironic isn't it that these overpaid sportspeople live in tax havens or use tax avoidance whilst those salaries are paid by supporters who have no choice about their tax affairs and are probably on PAYE |
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Post by Deleted on Nov 6, 2017 14:58:22 GMT
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Post by Deleted on Nov 6, 2017 19:08:16 GMT
Meanwhile, Lewis Hamilton is probably in line for a knighthood! He bought his own private jet and by flying in to and landing on the Isle of Man just once, the I of M refunded all the VAT he paid on the purchase - just a few millions That information should clobber any sniff of a knighthood |
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Post by hild1066 on Nov 7, 2017 12:27:14 GMT
The main issue is, not that these people have used poor and ill-constructed tax laws but that no government has sort to amend these laws. It would appear that barely anyone on the list has done anything illegal and that is the main issue. Does any government have the will to sort this out..........not so far!
It is not fair to single out one person or the other and hold them to a higher standard than the thousands of anonymous rich people that are doing the same thing, possibly even more so. So Lewis Hamilton bought a jet, flew it into the Isle of Man and saved himself £3 million in VAT, he wasn't the only one and from what I understand people were using this completely legal scheme a lot and paying substantial fees to do so.
As to a knighthood, he has achieved amazing things in Formula 1 and there are many people out there that have received Knighthoods for doing much less.....there is probably someone out there that got one for inventing complicated tax law!!!!
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Post by rondetto on Nov 7, 2017 14:59:14 GMT
It isn't the people involved that has done any wrong, it is the system to blame.
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Post by anybody on Nov 7, 2017 15:35:32 GMT
Those who have, those who don't.
I'd love to pay income tax!
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Post by Deleted on Nov 7, 2017 15:38:20 GMT
It isn't the people involved that has done any wrong, it is the system to blame. To me it is a moral issue, and a fairness one These people earn more money than most people can earn in their lifetime but go to any length to avoid paying as much tax as possible whilst no doubt using the services that the rest of us have to pay taxes to rub In previous days they would be known as "spivs", they are no bettter |
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Post by rondetto on Nov 7, 2017 16:09:39 GMT
I'm in agreement with you Bryan. It's just that If I was earning the amount they earn I would probably play the system just as they are. It is unfair to us tax payers but it is the system that's wrong not them big earners.
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Post by aubrey on Nov 7, 2017 17:09:05 GMT
I'm in agreement with you Bryan. It's just that If I was earning the amount they earn I would probably play the system just as they are. It is unfair to us tax payers but it is the system that's wrong not them big earners. The thing is, I wouldn't. I have never had any problem with paying tax. I hate the way Govts always try to appease the Tax-payers' alliance type (the founders of the TPA do not pay tax here anyway) by falling in with the tax is bad line, when they could point out all the good things that come from tax: like a working civilisation. Just try selling income tax as a good thing, for once. |
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Post by aubrey on Nov 7, 2017 17:39:23 GMT
Something like this:  |
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