Blairs tax bill

[Grumpmeister]

Perhaps I'm being a teeny bit too cynical here but a £300k corporation tax bill for a company with a £14m turnover that has written off almost £13m as 'administrative expenses'... While I'm the first to admit I'm no tax expert something seems just a little dodgy here. 

Windrush Ventures spent almost £13 million on ‘administrative expenses’, allowing him to offset his income and reduce his corporate tax bill from £693,000 in 2013 to £293,000 in the last tax year. Mr Blair has also benefited from a reduction in the Corporation Tax rate, introduced by the Coalition.

The administrative expenses are not specified in the accounts but their scale allows Mr Blair to greatly reduce the company’s tax bill. It is thought the expenses refer to hotel, flight and subsistence for his international staff as well as for his own travel.

Mr Blair largely travels the world on a private jet and is especially fond of a £30m Bombardier Global Express, that has been dubbed Blair Force One.

http://www.telegraph.co.uk/news/politics/tony-blair/11328929/Tony-Blair-cuts-his-tax-bill-despite-another-bumper-year.html

[apc2010]

Cvnt.........

[Grumpmeister]

While I usually have little time for the green crusaders, there is a part of me that wonders what would happen if 'someone' wound them up about the scandal of tax relief for private flights and let them loose..