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Peer is paying tax: Tories

Published 09/11/2009

The Conservative Party sought to defuse the controversy over its deputy chairman, Lord Ashcroft, yesterday by confirming that he is paying tax in Britain.

William Hague, who nominated the billionaire businessman for a peerage, said he had been told by Lord Ashcroft that he had met the obligations placed on him when he was appointed in 1999. This included a promise to take up permanent residence in the UK.

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