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:
“As a Tax-Paying Citizen of the United States I am entitled to a voice in Governmental affairs.... Having paid this unlawful Tax under written Protest for forty years, I am entitled to receive from the Treasury of Uncle Sam the full amount of both Principal and Interest.”
—Susan Pecker Fowler (18231911)
“Tax avoidance means that you hire a $250,000-fee lawyer, and he changes the word evasion into the word avoidance.”
—Franklin D. Roosevelt (18821945)