Tony Blair's tax bill mystery Written by Adrian Huston
Monday, 09 January 2012 10:10
The Daily Mail reports that former Prime Minister Tony Blair's earnings have soared by 42% to £12 million. Despite this the tax bill was only £315,000.
Wouldn't we all like a situation like that?
Key points of Tony's company accounts are:
- Turnover was £12 million
- Salaries, including to the directors, totalled £2.3 million
- Premises rent etc totalled £637,000
- The accountants made £44,000.
- No dividend was paid.
- The corporation tax due was just £315,000
- This leaves over £8 million in expenses, with no explanation.
- In total the directors earned £481,000. One director received £70,000 compensation for loss of office.
As a tax consultant with hundreds of British clients abroad, I have a theory. One perhaps an investigative journalist or blogger might like to pursue. Is Tony Blair actually non-resident for tax purposes?
READ ON, at your leisure, lounge lizards ... Huston & Co tax/earnings website.
1 comment:
For those that who know:
NON-RESIDENT is half of a real legal term.
The full correct legal term is "NON-RESIDENT ALIEN". As a Citizen you would correct to say you were a "non-resident alien" and be correct.
A resident is always a "resident alien".
If you don't structure your legal affairs correctly you will be tricked into believing you are a "resident" where you live...when, in fact, you really would be a citizen.
Please research carefully
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