Imagine having a board meeting in one of those?
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"One of the Tories' biggest donors was signed up to a tax avoidance scheme that also included comedian Jimmy Carr, the Observer has established.
The revelation is intensely embarrassing for David Cameron, who attacked the comic's use of such schemes as "morally wrong".
Records at Companies House reveal that George Robinson, a hedge fund manager who has given the Tories more than £250,000, was – in the 12 months leading up until 21 January 2010 – a director of a company called Romangate. The Times reported last week that Romangate, which had more than 500 directors, including Carr and Robinson, was part of a tax avoidance strategy called Rushmore. The scheme was closed down in 2009, before its members could claim any tax relief, following an investigation by HMRC.
The scheme was thought to be legitimate when it was set up. However, the then treasury secretary, Stephen Timms, told parliament that the strategy was a "highly abusive, completely contrived arrangement" that "was set up with the sole aim of avoiding paying the tax due to the Exchequer".
Robinson, who has an estimated wealth of £215m and whose Sloane Robinson hedge fund earns millions for its members, has donated money to a number of good causes. There is no suggestion that he benefited from being a director of Romangate because the company was closed down before any tax relief could be claimed."
Source: Top Tory donor linked to Jimmy Carr tax scheme | Business | The Observer
500 directors!!!
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"One of the Tories' biggest donors was signed up to a tax avoidance scheme that also included comedian Jimmy Carr, the Observer has established.
The revelation is intensely embarrassing for David Cameron, who attacked the comic's use of such schemes as "morally wrong".
Records at Companies House reveal that George Robinson, a hedge fund manager who has given the Tories more than £250,000, was – in the 12 months leading up until 21 January 2010 – a director of a company called Romangate. The Times reported last week that Romangate, which had more than 500 directors, including Carr and Robinson, was part of a tax avoidance strategy called Rushmore. The scheme was closed down in 2009, before its members could claim any tax relief, following an investigation by HMRC.
The scheme was thought to be legitimate when it was set up. However, the then treasury secretary, Stephen Timms, told parliament that the strategy was a "highly abusive, completely contrived arrangement" that "was set up with the sole aim of avoiding paying the tax due to the Exchequer".
Robinson, who has an estimated wealth of £215m and whose Sloane Robinson hedge fund earns millions for its members, has donated money to a number of good causes. There is no suggestion that he benefited from being a director of Romangate because the company was closed down before any tax relief could be claimed."
Source: Top Tory donor linked to Jimmy Carr tax scheme | Business | The Observer
500 directors!!!
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