Andrew Mitchell - Allegations of Tax Avoidance

Allegations of Tax Avoidance

In 2006, Andrew Mitchell invested funds in privately owned firms implicated in a tax avoidance scheme. The article in the Daily Telegraph claimed that a subsidiary of DV3 purchased the lease on the Dickins & Jones department store building in central London for £65.1 million and sold it a month later to a partnership controlled by DV3 for £65,100, thus avoiding stamp duty.

Read more about this topic:  Andrew Mitchell

Famous quotes containing the words tax and/or avoidance:

    “Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.”
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)

    “The American Dream, the idea of the happy ending, is an avoidance of responsibility and commitment.”
    —Jill Robinson (b. 1936)