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A Suburb in Stockport

10 10 / 10 from 9 Reviews

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Mozza posted..

[QUOTE=OliverJohnstone]Serenity - this has nothing to do with him being the leader of the Conservative Party.

Blairmore was a Collective Investment Fund which are exempt from tax in the UK when they are registered here. It is because HMRC applies the tax on the beneficiaries, rather than the vehicle through which they are investing.

In short, Blairmore wouldn't have paid any more tax here than it would have done in Panama. The underlying investors, Ian and David Cameron for example, would have paid and did pay tax in their registered jurisdiction - the UK.

Funds are started all over the globe for various reasons - access to different markets, residing under different regulatory frameworks. Avoiding tax is only one of any number of reasons why companies register in markets like Panama, the Caymans etc.


Oliver..I realise you have to toe the party line and do what you're told, but this is ridiculous.

I said myself if I had a few hundred thousand £s that I'd be tempted to give bits of it I don't miss, like the odd hundred thousand, to my kids..then they don't need to give the country inheritance tax on it. Jolly good for posh boy, well played.

But the fact is, this guy is chasing down companies and people (Jimmy carr) for also doing legal stuff.
It's unbefitting of the prime minister, but I wouldn't expect any different from him.