Tag: Reports - Tax Policy Associates

Posts tagged "Reports"

WITHOUT PREJUDICE

Jul 22, 2022 Investigations

Why publish “without prejudice” and “confidential” correspondence?

This is a slightly wordy explanation that I’ve written primarily for lawyers who are curious why an experienced lawyer would publish “without prejudice” correspondence. The main post is here. The short answer is: because it wasn’t really “without prejudice” or “confidential”. If I write you a letter, and say the letter is an elephant, that […]

Jul 13, 2022 Investigations

Did Nadhim Zahawi’s family trust provide any capital for its 45% founder stake in YouGov?

Nadhim Zahawi founded YouGov, but took no shares in it. A Gibraltar company, Balshore Investments, did instead. Zahawi says this wasn’t tax avoidance, but was his father injecting capital into the business. Is there any evidence for that?

Jul 10, 2022 Investigations

Did Nadhim Zahawi use an offshore trust to avoid almost £4m of capital gains tax?

I’ve used information in the public domain, my tax expertise, and input from other tax experts, to try to “reverse-engineer” Zahawi’s tax and corporate planning.

Number of accounts

7,000,000

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

Number (lines) and balances (bars) of foreign accounts held by UK taxpayers
and reported to HMRC under CRS

mw Non-tax havens

m@ Tax havens

£607bn
£445bn £280bn

£116bn

£569bn

£405bn

2016 2017 2018 2019

May 27, 2022 Investigations

Tax Policy Associates report: UK taxpayers have £570bn in tax haven accounts, and HMRC has no idea how much of this reflects tax evasion

FOIA requests made by Tax Policy Associates reveal that £570bn is held in tax haven bank accounts by UK taxpayers, but HMRC has made no attempt to estimate how much of this is undeclared in UK tax returns, and therefore reflects tax lost to criminal tax evasion. The background Since 2018, almost all UK residents […]