Miliband's Money Manoeuvre

Regular readers will remember that Guido and Andrew Pierce have not always seen eye to eye, but credit where credit is due. Pierce’s column today will make for uncomfortable reading for both of the Miliband brothers as he exposes David’s perfectly legal, but thumb-nosing and hypocritical, tax arrangements:

“Quietly, he has set up a company called ‘The Office of David Miliband Limited’, which will be a tax-efficient vehicle for his non-parliamentary earnings. This means that all payments the former Foreign Secretary receives from commercial speaking engagements and other lucrative private work will be paid into the firm. It will be subject to corporation tax of 20 per cent”

It makes complete sense as who would go out of their way to maximize their tax payments, but given that David was in the cabinet that introduced the aspiration-killing 50p tax rate it is rather telling that he doesn’t want to pay it himself. Will the militant-wing of HMRC, UKUncut, be occupying David’s Primrose Hill mansion in protest? They can also complain about the death tax on the property that the family conveniently got round while they are at it.

UPDATE: Strike the niceties, Guido is reminded that the Carina Trimingham/Huhne story that Pierce included in his column appeared here first. The Guinness story was Paul Waugh’s last week too. The invoice is in the post.




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

Quote of the Day

Jeremy Corbyn told by veteran Jewish MP Margaret Hodge…

“You’re a f***ing anti-aemite and a racist”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Undead UKIP Poll Rise Terrifies Tories Undead UKIP Poll Rise Terrifies Tories
Marr’s May Monopoly Marr’s May Monopoly
CCHQ Begs Association Chairmen CCHQ Begs Association Chairmen
Poll: Voters 2 to 1 for No Deal Poll: Voters 2 to 1 for No Deal
Paul Mason Reported to Police Paul Mason Reported to Police
Etonian Free Cabinet Etonian Free Cabinet
Tory MP Puts Letter In to Brady Tory MP Puts Letter In to Brady
Lord Carrington Lord Carrington
Poll: May’s Deal or No Deal? Poll: May’s Deal or No Deal?
Labour’s Chequers Survival Kit Labour’s Chequers Survival Kit
Whips’ Patsies in Full Whips’ Patsies in Full