Tory donor and tax avoider – go together like a horse and carriage

The Canary has provided a handy copy-and-keep list of the top Tory election donors, and it’s a real rogues’ gallery. Check out these creeps:

The Tories’ top donors included:

JCB Service – £1.5m. It’s owned by Anthony Bamford, who was not only named in the Panama Papers, but who operates JCB out of tax haven Bermuda.

John C Armitage – £1.1m. Armitage is the founder of Egerton Capital, a hedge fund that enables [xml] tax avoidance for investors.

John Griffin – £1.03m. Griffin and his private hire firm Addison Lee were caught up in a lobbying scandal in 2012.

Mark J. C. Bamford – £750,000. The younger brother of Anthony Bamford, owner of JBC Service, he was caught up in a row over a JCB subsidiary, JCB research, which, while only worth £27,000, was the biggest Tory donor in the run-up to the 2010 general election.

Andrew E Law – £525,000. Law is a hedge fund owner [paywall] whose firm Caxton Associates is registered in the US tax avoidance state of Delaware.
David J Rowland – £312,500. The Canary conducted a major investigation into Rowland in 2016, and described his offshore tax affairs as “mind blowing”.
Lord Michael Ashcroft – £500,000. Ashcroft has been involved in several tax avoidance scandals. He also co-authored the book at the centre of the David Cameron ‘Pig gate’ scandal.

Other Tory donors [pdf p3-5] during the election period included:

Sir Henry and Lady Keswick – £150,000. Keswick’s company Jardine Matheson was linked to tax avoidance via Luxembourg and has numerous subsidiaries in tax haven Bermuda.

Charles ‘Julian’ Cazalet – £10,000. Cazalet is a non-executive director of NHS private provider Deltex Medical Group.

Malcolm Healey – £100,000. Healey was fined by HMRC in 2015 for making £8.6m [pdf] by using a tax avoidance scheme.

Bruce Hardy McLain – £100,000. McLain’s private investment firm CVC Capital Partners is currently embroiled in a £5m bribery and tax avoidance scandal involving Formula One.

Ayman and Sawsan Asfari – £100,000. Ayman is currently under investigation by the Serious Fraud Office. He also runs oil company Petrofac, which avoids tax via Jersey.

Rainy City Investments – £100,000. Owned by Peter and Fred Done, who were fined £800,000 by the Serious Fraud Office over money laundering allegations.

Investors in Private Capital Ltd – £150,000. Co-owned by James ‘Jamie’ Reuben, family friend of George Osborne, it paid no UK corporation tax in 2014 [pdf p13], despite a turnover [pdf p17] of £35m.

http://voxpoliticalonline.com/2017/08/27/top-tory-election-donors-appear-to-be-tax-avoiders-money-launderers-and-private-health-bosses/