TaxPersonal TaxAshcroft’s donations under new scrutiny

Ashcroft’s donations under new scrutiny

Money channelled through a Belize-based company raises new questions about Conservative vice chairman

Lord Ashcroft has sparked new controversy, as it emerged he used several
companies to move money from the tax-haven of Belize to fund the Conservative
Party.

A Belize-based company, Stargate, bought shares in a small British company
which then bought shares in another company, Bearwood Corporate Services. This
led to money being moved from Belize to Britain.

All the companies are thought to be connected to Lord Ashcroft, and the
donations were attributed to him by Tory officials. Bearwood Corporate Services
is one of the Conservatives’ biggest benefactors, donating more than £5m during
the past six years, reports
the
Telegraph
.

The arrangement was ruled legal yesterday by the Electoral Commission, which
regulates political donations. However, its ethical basis has been questioned.

The Conservative peer, and deputy chairman, caused controversy earlier this
week by admitting he was non-domiciled and therefore only paid tax on his
British assets.

Further reading:

Ashcroft
admits non-dom status

Labour
attacks Ashcroft

Related Articles

#SummerBudget: What the papers say

Corporate Tax #SummerBudget: What the papers say

2y Chris Warmoll, Writer
Colin: Tax powers could be a right old dog fight

Administration Colin: Tax powers could be a right old dog fight

3y Taking Stock
Clegg looks to cut income tax and ease workers' NI burden

Personal Tax Clegg looks to cut income tax and ease workers' NI burden

3y Chris Warmoll, Writer
Scotland promised greater tax powers if it rejects independence

Personal Tax Scotland promised greater tax powers if it rejects independence

3y Richard Crump, Writer
Labour confirms pension tax relief cut to fund jobs will be in 2015 manifesto

Personal Tax Labour confirms pension tax relief cut to fund jobs will be in 2015 manifesto

4y Rachel Dalton
UK200Group: Merging NI and tax "fraught with difficulty"

Personal Tax UK200Group: Merging NI and tax "fraught with difficulty"

4y Richard Crump, Writer
Budget 2013: Miliband rips into "Bullingdon Boys" Budget

Corporate Tax Budget 2013: Miliband rips into "Bullingdon Boys" Budget

5y Rachael Singh, Writer
Osborne told to keep hands off pension tax

Personal Tax Osborne told to keep hands off pension tax

5y Richard Crump, Writer