Belfast Telegraph

Monday 22 September 2014

TUC lifts lid on how rich and famous dodge tax

Celebrities and corporations are using offshore trusts, tax havens or wives and civil partners to avoid paying their share of tax, according to a new study.

The TUC published the most popular ways "regularly employed" get around tax rules as part of its campaign for action against celebrity tax dodgers.

Tax-avoiding measures included the use of tax havens like the Bahamas and Panama, sports stars paying tax separately on their image rights and income paid to a wife or civil partner.

The domicile rule was said to be the tax dodger's best friend, allowing the super-rich to live in the UK but place their income offshore.

TUC General Secretary Brendan Barber said: "The overwhelming majority of people in the UK have little choice over the amount of tax they pay and unlike big corporations and super-rich celebrities don't have the means to employ expensive accountants to help them avoid paying their fair share of tax.

"Each year billions of pounds which the super-rich should be paying leaves the country and is lost to the public purse."

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More