UKIP economic spokesman Godfrey Bloom has gone after Margaret Hodge, demanding that HMRC “investigate unanswered questions from C4 News, Sky News and Guido Fawkes about her ‘knowledge’ of the tax affairs of her family trust”:
“It beggars belief that Hodge stated that her family company paid ‘every penny’ of the tax it owed although later she admitted that did not know how much tax it actually paid. Yet, this woman is chairman of the House of Commons Public Affairs Committee. Hodge comes in at No 15 on the Times’ Politicians Rich List, with a mere £18m tied up on the family business, which is in a family trust so there is no inheritance tax to pay. One rule them and one for the rest of the plebs? I call on HMRC to investigate.”
Always one to help expose tax hypocrisy, here are a few questions HMRC should ask:
- Why Hodge claimed that “I am a tiny, tiny, tiny shareholder” in Stemcor when her direct shareholding is worth £1.8 million.
- Why Hodge holds several million pounds more worth of Stemcor shareholdings in trusts.
- For what purpose Hodge holds these shareholdings in trusts other than to reduce the risk of a future tax liability.
As Hodge the Dodge said herself last week, “I think what we are going to have to do is order somebody to come who can give us answers to the questions…”