3 ms·
He ran a fund which was based in tax haven to avoid double taxation. Lots of funds do things like this. It's not corruption or criminal.
by xioxox 10y ago
He ran a fund which was based in tax haven to avoid double taxation. Lots of funds do things like this. It's not corruption or criminal.
- gonvaled 10y agoWhich applies in exactly the same manner to the mentioned Spanish politicians too.
- spoonie 10y agoI listened to a MoneyBox radio programme about this. The "financial expert" said that it was effectively a tax-deferral program, just like a pension plan. Any gains inside the fund were tax free until the money was brought back into the UK. It may seem unfair at face value, but any UK citizen can defer taxes on up to 100% of their annual income in a registered pension plan[0]. So, IMO, the fairness would depend on what investors can do with the offshore fund that regular people can't do with their pension plans? 0 - https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief https://www.gov.uk/tax-on-your-private-pension/pension-tax-r...
- boznz 10y agoWhen you make the laws of what is criminal and directly or indirectly benefit from them then it is corruption.