Breaking: Ken Tells Marr Tax Dodge Company Funds Campaign Electoral Commission Records Show No Donations

Under pressure on the BBC’s Marr show this morning an uncharacteristically nervous Ken Livingstone claimed that Silveta Limited, the company he owns with his wife which is at the centre of tax avoidance allegations, funded two of his campaign staff. Such a donation would by law need to be recorded either as a cash donation or a “donation in kind” to the London Labour Party which funds Ken’s campaign. A quick check of the donation records filed with the Electoral Commission shows no record of any donation being made by Silveta Limited. Failure to comply with electoral laws on declaring donations led to Peter Hain resigning from the Cabinet and a police investigation into his deputy-leadership campaign donations. Either Ken lied to Marr or he failed to register the campaign donations from the company.

Millionaire Ken claimed previously that his huge earnings were a one off circumstance in 2010 after he lost the mayoralty and was still in demand. Companies House records released on Friday show that actually he funnelled another £238,646 through the corporation in 2011 as well. Making a total of well over half-a-million pounds earnings in just two years from media fees paid by among others LBC and Iran’s Press TV…

Given that he used Silveta Limited to invoice the Iranian government-controlled Press TV for his appearances, it would appear that Ken is admitting that his campaign to become mayor of London is in part funded by the Iranian regime in Tehran. An admission which will only add to suspicions in the London Jewish community that Ken is not to be trusted.

UPDATED: Andrew Gilligan makes a telling point which will further add to Ken’s difficulties. This morning Livingstone nervously told Andrew Marr, in a way that he clearly hoped would somewhat mitigate matters, that he had used Silveta’s bank accounts to pay a

“talented economist to sit down and spend a lot of time going over the [City Hall] books. I’ve got people handling the media. I employ at the moment two people.”

As well as the problem with those company donations not being declared to the Electoral Commission, which is a breach of the laws on campaign funding, he has almost certainly broken the laws regarding company expenses allowable against corporation tax. To be offset against tax company expenses must be “wholly, exclusively and necessarily” incurred “for the purposes of the company”. HMRC should take a very close look at Silveta Limited.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Owen Smith backs one hour contracts but wants to abolish zero hours contracts:

“You need to give people a contract to say, ‘here’s what you will be working’. It could be one, but I’m saying it shouldn’t be zero, we should invert that emphasis.”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

EMPTY SEATS AT SMITH CAMPAIGN RALLY EMPTY SEATS AT SMITH CAMPAIGN RALLY
“AMERITUDE” TRUMP JAM DAD SUES TRUMP’S CAMPAIGN “AMERITUDE” TRUMP JAM DAD SUES TRUMP’S CAMPAIGN
THERESA MAY SMILING AS TORY POLLS IMPROVING THERESA MAY SMILING AS TORY POLLS IMPROVING
HIGH COURT JUDGE COULD CROWN OILY LEADER HIGH COURT JUDGE COULD CROWN OILY LEADER
Trump 5% Ahead of Clinton Trump 5% Ahead of Clinton
LILY COLE FRONTS BBC “CEO SECRETS” SERIES AFTER RUNNING COMPANY INTO GROUND LILY COLE FRONTS BBC “CEO SECRETS” SERIES AFTER RUNNING COMPANY INTO GROUND
Guardian Media Group’s Losses Total £173 Million Guardian Media Group’s Losses Total £173 Million
MCGINN WHIPPED LABOUR MPS TO “KEEP UP THE PRESSURE ON JC” MCGINN WHIPPED LABOUR MPS TO “KEEP UP THE PRESSURE ON JC”
VICTORIA’S SECRET LINGERIE AND 5 STAR HOTELS: WELSH GOVT’S £7.5 MILLION CREDIT CARD SPEND VICTORIA’S SECRET LINGERIE AND 5 STAR HOTELS: WELSH GOVT’S £7.5 MILLION CREDIT CARD SPEND
OWEN SMITH HIRES TOP PFIZER LOBBYIST TO RUN CAMPAIGN OWEN SMITH HIRES TOP PFIZER LOBBYIST TO RUN CAMPAIGN
HAMMOND FIBS AND SAUDI SLAVERY SLIPPED OUT ON DUMPING DAY HAMMOND FIBS AND SAUDI SLAVERY SLIPPED OUT ON DUMPING DAY
MATTHEW ELLIOTT ON WHY LEAVE WON MATTHEW ELLIOTT ON WHY LEAVE WON
OSBORNE GIVEN “SH*T” ROOM WITH NO VIEW OSBORNE GIVEN “SH*T” ROOM WITH NO VIEW
5,000,000 SIGNATURES: FEW POLICY CHANGES 5,000,000 SIGNATURES: FEW POLICY CHANGES
CORBYNISTAS USED CODE TO HIDE CASH-FOR-VOTES PLOT CORBYNISTAS USED CODE TO HIDE CASH-FOR-VOTES PLOT
First Lady Michelle Obama Carpool Karaoke First Lady Michelle Obama Carpool Karaoke
PMQ’s Sketch PMQ’s Sketch
How to Reach Westminster Politicians How to Reach Westminster Politicians
OWEN SMITH’S 999 EMERGENCY OWEN SMITH’S 999 EMERGENCY