Disquiet Grows About Hypocritical Guardian’s 4.99% Tax Rate

The Telegraph’s city pages have caught up this morning with Guido’s revelation yesterday that GMG, the owners of the Guardian, perfectly legally had an effective tax rate of 4.99% after taking advantage of a tax holiday last year despite making a headline profit of £300m from the disposal of 49.9% of Auto Trader.
The hypocrisy of them attacking Tesco for tax avoidance when they themselves pay an even lower rate of tax is laughable. (They are currently in the libel courts and look like they are going to lose to Tesco having already admitted their story was bollocks).

The Telegraph quoted Grant Thornton’s senior tax partner Mike Warburton saying: “Guardian Media Group has enjoyed a tax holiday courtesy of some very helpful rules introduced by their friend Gordon Brown. They are taking full advantage of the relief legally available to them, which all businesses should do. That’s fine, but don’t knock people who do exactly the same.”

This is almost as much fun as Polly hypocritically banging on about airplane carbon emissions before hopping on a flight to her Tuscan villa. See Richard Littlejohn’s fantastic bitch-slap here




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

Quote of the Day

Noel Gallagher on Brexit:

“In England, the Brexit thing, it’s like, I can’t believe there’s so much noise about it… It was put to the people as a vote, the people voted. That’s democracy. F***ing get over it.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Jez “Doesn’t Do Dinners” Jez “Doesn’t Do Dinners”
New Tory Slogan: Building a Britain Fit for The Future New Tory Slogan: Building a Britain Fit for The Future
Unilad Deleted From Facebook Unilad Deleted From Facebook
Royal Mail’s Tweets Deliver Truth About Nationalisation Royal Mail’s Tweets Deliver Truth About Nationalisation
Disgraced Gay Times Editor Is Labour Member Disgraced Gay Times Editor Is Labour Member
Yasmin Alibhai-Brown: “I’d Rather Be Mugabe Than May” Yasmin Alibhai-Brown: “I’d Rather Be Mugabe Than May”
Corbynista Rulebook Saves Lansman’s NEC Dream Corbynista Rulebook Saves Lansman’s NEC Dream
70 Million Reasons BuzzFeed Won’t Go Public 70 Million Reasons BuzzFeed Won’t Go Public
Sun Coffee Run to Broadcasting House Sun Coffee Run to Broadcasting House
Teething Problems for Salmond’s RT Show Teething Problems for Salmond’s RT Show
Hammond to Deliver “Real Action” on Housing in Budget Hammond to Deliver “Real Action” on Housing in Budget
Dods Shard Offices Infested With Maggots Dods Shard Offices Infested With Maggots
Nelson’s Back Nelson’s Back
Nasreen Khan Resigns Nasreen Khan Resigns
Young Liberals Condemn Cable For Defending Rennard Young Liberals Condemn Cable For Defending Rennard
Brexodus Was Bogus Brexodus Was Bogus
McDonnell Now Sure There Won’t Be a Run on The Pound McDonnell Now Sure There Won’t Be a Run on The Pound
Shadow Minister: “I Don’t Know” Why Corbyn Hasn’t Suspended Dent Coad Shadow Minister: “I Don’t Know” Why Corbyn Hasn’t Suspended Dent Coad
Byline Outs Russian Troll But It’s a Security Guard from Glasgow Byline Outs Russian Troll But It’s a Security Guard from Glasgow
Emma Dent Coad on “Fake Bake”, “Homies” and “Bluds” Emma Dent Coad on “Fake Bake”, “Homies” and “Bluds”