Dodgy Conservative Minister Exposed in Tax Avoidance Scam

[Pete]

Here we go again - another Conservative hypocrite.

From the Telegraph website:

"Conservative minister Stephen Hammond used an offshore company to buy his second home, allowing him to cut his tax bill

Stephen Hammond used a company based in Gibraltar, before it moved to Delaware, to buy his family’s £500,000 villa in Portugal.

By not owning the villa directly, in his own name, he was able to reduce his tax bill in both Britain and Portugal.

A senior tax expert said on Friday night that Mr Hammond, a transport minister, would have been able to avoid a “big hit of capital gains tax”.

The disclosure will embarrass senior Conservatives, who have criticised the use of offshore tax shelters. David Cameron described legal tax havens as “morally wrong”.

In his Budget speech last year, George Osborne said legal but aggressive tax avoidance was morally repugnant.”

Personally, I think they are all morally repugnant... Sack him.

http://bit.ly/16tki9j