Green Party take Cash from Tax Efficient Westwood

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The Green Party are backing the Tax Dodging Bill campaign, which calls for the introduction of legislation to stop companies dodging UK taxes. The bill singles out British companies who channel money through Luxembourg, pledging to ban the practice of companies reducing their taxable profits “by having their subsidiaries pay large fees to related companies in tax havens for the use of intellectual property such as brands and software.”

Odd then that the Green’s have accepted a £100,000 donation from Vivienne Westwood, to put “bit of oil on their wheels“. The anti-capitalist fashion designer’s latest accounts show that in 2013 Vivienne Westwood Ltd paid £2,073,194 in licence fees to Latimo SA, the Luxumbourg based holding company that she sold her trademarks to back in 2002. Vivienne Westwood Limited also paid £4,170,180 to Vivieenne Westwood S.r.l, a subsidiary of Latimo SA for commission and  designer, PR, and advertising agreements.

How curious…




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