Monday, 8 November 2010

Tax Dodgers Millionaires

George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us?

The list of dodgers includes millionaire Ministers Chancellor George Osborne, Transport Secretary Philip Hammond and International Development Secretary Andrew Mitchell.

Transport Secretary Philip Hammond, who is worth £7 million, moved shares in his family property business into the name of his wife, who pays tax at a lower rate.

Mr Mitchell, ‘whose job is to alleviate world poverty’, has made large returns on investments in the British Virgin Islands, another tax haven. The ConDems made a policy U-turn over the Cayman Islands, a base for companies run by wealthy Tory donors such as Hugh Sloane, worth £185 million, and Michael Hintze, worth £250 million.

Mr Osborne has a trust fund worth more than £4 million, tax havens will save him and other family beneficiaries an estimated £1.6 million in inheritance tax.

Much has been said already about Philip Green and Ashcroft.

Also theres the corporate friends of the ConDems; Vodaphone and Google.

How The Rich Beat The Taxman was shown Channel 4 last month, and can be seen by clicking on the link.

And yet all hear from the ConDems is about benefit scroungers. I wonder why. We are all in this together, but some of us clearly more than others.

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