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Old 13.03.2019, 11:47
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Sorry mate, you are simply wrong here. If you can use Google, you will find dozens of articles stating that Saliston manages his stake in Somerset Capital, all the way from the right wing news...

https://www.thesun.co.uk/news/488680...papers-reveal/

to the left...

https://www.theguardian.com/news/201...hore-tax-haven

Are you suggesting that all of this is fake news?
Poor journalism as they have not looked at the accounts. As Saliston is only required to produce small company accounts & no Audit it really can not be handling or holding the huge profits that come from Somerset.

In any case dividends would be taxable after corporation tax is paid so I really don't see any benefit, except to the government as the tax bill would be higher. UK corporation tax is 18% & additional tax on dividends plus 32.5% dividend tax on higher income.

Income taxable max 45% plus 2% Class 4 National Insuranve

Corporation tax plus dividend tax is 50.5%

Perhaps you can explain why he would not just pay the tax on profits at a lower rate & be done with it?

From your link 'There is no suggestion he avoided tax on any profit.' although you seem to be claiming differently!
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