Company Chancellor has a financial stake in paid just £5,964 in tax on £1.6 million worth of profits over eight years
- Chancellor has stake in a company which has paid an effective tax rate of just 0.4 per cent since 2010
- Revelation comes as Hammond announces new economic taskforce: “We know more can be done”
- UK Government has pushed back public register on UK overseas tax havens after threats to secede
- SNP’s Kirsty Blackman: “When it comes to Tory policy, it’s one rule for businesses and another for those in the corridors of power”
THE Chancellor Philip Hammond has announced a new economic crime taskforce – a day after it was revealed that he has a stake in a company which avoids tax.
The Mail on Sunday revealed that Hammond, a multi-millionaire, has an interest in construction firm Chiswell (Moorgate) Ltd, which has paid just £5,964 in tax on £1.6 million worth of profits since