Monday, 1 March 2010

Same Old Tories: Still Avoiding Tax

Despite all David Cameron's spin, the Conservatives really haven't changed.
Major Conservative donor and deputy party chairman Lord Ashcroft today admitted that he is "non-domiciled" in relation to tax.
That will no come as a surprise after years of questions from opposition politicians about his tax status.
But it is still a disgrace. Lord Ashcroft said that he expected "to be sitting in the House of Lords for many years", suggesting he would change his tax status if the law changed. How generous of him after years of ducking and diving to avoid tax on earnings and capital gains from overseas.
Quite how Lord Ashcroft could be recommended for a peerage without being resident in Britain for tax purposes only the Tories know. But I guess he was only recommended for it because of its financial backing for the Tories.
He and fellow Conservatives, including David Cameron, refused to say what his tax status was, declaring it was a private matter. However, Information Commissioner Christopher Graham has called for the full details of Lord Ashcroft's status to be made public.
Lord Ashcroft, who has given a reported £4m to Conservatives in recent years, because there is a general election just weeks away. Perhaps he ought to pay the tax on overseas earnings since the time be became a peer.

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