Eagle Spins Caymans Aide Row

Following Guido’s revelation that the firm run by Labour’s new business tsar was incorporated in the Caymans, the FT’s Jim Pickard has asked Angela Eagle for a comment on her “ethical” business adviser. Eagle replied that Anthony Watson’s company “pays taxes in all the jurisdictions in which it operates”. What is the corporate tax rate in the Cayman Islands? Zero percent. Ian Cameron’s Panama fund paid taxes in all the jurisdictions in which it operated, and Labour said that was morally disgusting…

What Corbyn Really Thinks About Brussels

Jezza is giving his first major speech of the referendum at Senate House this morning. Here’s what he used to think:

“A European bureaucracy totally unaccountable to anybody. Powers have gone from national parliaments. They haven’t gone to the European Parliament, they’ve gone to the Commission and to some extent the Council of Ministers. These are quite serious matters.”

Corbyn voted to stay out of the European Community in 1975, he’s an old Bennite Eurosceptic at heart…

Labour Business Tsar’s Firm Incorporated in Caymans

The financial services firm run by Labour’s new business tsar was incorporated in the Cayman Islands, Guido can reveal. Anthony Watson is the flamboyant president and chief operating officer of Uphold Inc, an online financial services company headquartered in California. Earlier this year he was appointed by the Shadow Business Secretary Angela Eagle to chair Labour’s Business and Enterprise Advisory Council. Eagle said at the time: “Both Anthony and I are determined to lay the foundations for a shared capitalism… It’s great that Anthony has agreed to chair this group which will help forge a new vision for a dynamic industrial strategy, because he has the fresh ideas and a proven track record of putting innovation and ethics at the heart of business practices.”. Well, how’s that whole “shared capitalism” and ethics thing working out?

Watson took charge of his financial services company in April 2015, when it went by the name Bitreserve. This is from their website:

U.S. Securities and Exchange Commission documents seen by Guido show that Bitreserve’s jurisdiction of incorporation was the Caymans. Its address is a PO box.

What does Angela Eagle think about the ethics of her top business adviser running a company incorporated in the tax-free Caymans? 

Local Labour Candidate Not So Local

Welsh Fraud

Labour’s candidate for the Ogmore by-election is up to all sorts of trickery. Chris Elmore has declared an address in Pencoed, one of the main towns in the constituency, as his residence in his nomination papers. The local candidate, he’d have you think…

Yet according to his public declarations as a councillor, Elmore actually lives in Rhoose in the Vale of Glamorgan, well outside the seat he is fighting. A co-conspirator reports that Elmore’s car was parked outside his house there late the night before last. Who owns the Pencoed home? Labour Assembly member Janice Gregory. Electoral law dictates that candidates must put their true address on their nomination papers…

McDonnell’s £14,000-a-Year Pension Managed in Guernsey

“There has been one rule for the rich and another for the rest of us,” said John McDonnell yesterday as he called on the PM to answer if he had “benefited directly or indirectly” from offshore funds. When McDonnell published his tax return and P60 he disclosed £14,421 in income from his Westminster City council pension. Like other former Westminster City council employees, McDonnell’s pension investments are managed by the City of Westminster Pension Fund Committee. In November 2014, the committee invested £100 million with Longview, an active global equity manager. This is the disclosure of the investment in their annual report:

longview

You will never guess where Longview Partners is domiciled:

“Longview Partners (Guernsey) Limited is licensed and regulated by the Guernsey Financial Services Commission”

Not sure Mao would approve. Although he did always warn of “a serious tendency towards capitalism amongst the well-to-do peasants”…

Corbyn’s Thousands in Offshore Income

Corbyn has eventually located his tax return for the last year – the most interesting thing is that he appears to have filed it late. Was he fined?

What isn’t disclosed is that in previous years Jezza made a significant amount of income from offshore sources. In the last few years he declared £5,000 in payments from Press TV, the Iranian state television channel, and another £5,000 from Al-Jazeera, the Doha-based Qatar-backed channel. Not to mention junkets to the Middle East, South America and elsewhere worth tens of thousands paid for by foreign governments. The corporate tax rate in Qatar is just 10%…

UPDATE: Corbyn’s spokesman confirms Jezza was fined £100 for filing his tax return late.

Labour Councillor’s “My Man Hitler” Tweets

Another anti-Semite allowed to pass a selection meeting and hold office for Labour…

Cycling Corbyn Spotted on Google Street View

Do you recognise this chap cycling down a residential Islington street on Google Street View? Perhaps the slightly bedraggled look, unpolished shoes and blurry grey beard give it away? There is of course one famous North London cyclist who owns a red Raleigh bike and silver helmet:

dfsds

Those corporations are always watching you…

Ken’s Spectacular Tax Hypocrisy

Ken Livingstone has gone on Russia Today to call for Cameron to be jailed over his taxes. That is the same Ken Livingstone who sheltered his earnings in a company so he could save £1,000-a-week in tax. Ken paid 21% […]

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Labour Loudmouth’s Untrue Tweet Goes Viral

At the time of going to pixel this tweet from loudmouth Labour MP Karl Turner has been re-tweeted almost 4,000 times. The suggestion that Osborne deleted a tweet about tax evasion in light of the Cameron row is being shared […]

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McDonnell Close to Extremist Imam

In the video above John McDonnell sits down for a cosy chat with Suliman Gani, the extremist imam who says women are “subservient” to men, condemns homosexuality and demands “justice” for an al-Qaeda terrorist. The pair […]

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Hilary Benn Keeping Quiet on Family Tax Avoidance

Labour MPs are not pulling punches on the tax affairs of David Cameron’s father, calling him “absolutely disgusting” despite there still being some dispute over the extent of any tax avoidance that actually took place. What do they have to […]

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