Today’s Guardian splashes on millions of leaked emails revealing the “secrets of the super-rich” using offshore tax havens to hide vast sums of money from the Exchequer. One company was missing from the list: GMG Hazel Acquisition 1 Limited, registered and still active on the Cayman Islands. The last time Guido asked the company’s owners, Guardian Media Group, for an explanation he was told their spokesperson was, er, abroad. When Guido asked Liz Forgan of the Scott Trust what was going on, she tried to blame it on Apax, GMG’s investment partner. Even Alan Rusbridger promised to look in to it, making a note of the company name on his phone.
Always one to help their journalists get to the bottom of the mystery, Guido suggests the Guardian’s investigations team take a look at the following:
- If GMG Hazel Acquisition 1 Limited holds no assets, why have its owners continued to pay registration fees since 2007 so it can remain an active company?
- If it does hold assets what is the total present value of GMG and associated companies’ assets held via the Cayman Islands or other offshore tax havens?
- Does GMG Hazel Acquisition 1 Limited have “sham” nominee directors, if so, who are they?
If they could answer these questions, now that would be a great story…
Further reading on the Guardian’s tax hypocrisy:
- Guidorama Investigation: Guardian Offices Owned Offshore
- The Guardian: Uncut and Full of Cant
- Guy News Special: Inside the Guardian’s Tax Dodges
- Tax Avoidance Firm Slammed By Guardian Advises Guardian
- The Guardian’s Poll Tax Moment
- Guardian Attacks the Tax Status of the Guardian
- Guardian’s Tax Hypocrisy is Ridiculous