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:
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
—C. John Sommerville (20th century)
“Tax avoidance means that you hire a $250,000-fee lawyer, and he changes the word ‘evasion’ into the word ‘avoidance.’”
—Franklin D. Roosevelt (1882–1945)