Labour Lessons in Reducing Your Tax Bill to Zero mdi-fullscreen

KenCo “paid every pound of tax he is required to by law”, said Ed. Nothing wrong with the Labour leader’s own inheritance tax avoidance either. Nor the £210,000 tax dodge by the owners of the former Labour HQ. Not to mention the John Mills donation given to the party in shares to avoid a bill from the Exchequer. Or those clever little legacy schemes that help donors reduce their own inheritance tax bills. Now another perfectly legal means of avoiding tax: Labour has reduced its corporation tax bill from £561,000 to zero by offsetting expenses and previous tax losses. Despite a £2.8 million surplus. One for Margaret Hodge to investigate with her usual vigour…

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mdi-timer July 26 2013 @ 10:20 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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