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Well there's a surprise


 
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christine
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Joined: 21 Nov 2005
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Location: Hampshire

PostPosted: Wed Nov 08, 2017 12:36 pm    Post subject:
Well there's a surprise
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http://www.itv.com/news/granada/2017-11-08/two-north-west-labour-led-councils-avoided-12m-in-tax-by-using-offshore-companies/

The Times reported that in May, Sefton Council in Merseyside saved 1.6 million in stamp duty by buying the New Strand shopping centre in Bootle for 32.5 million via a company registered in Luxembourg.

It also bought insurance against the possibility that HM Revenue and Customs might chase it for payment, it was reported.

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