‘One rule for business, another for those in the corridor of power’: SNP excoriate the Chancellor for tax hypocrisy

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

... read more at: https://www.commonspace.scot/articles/13722/one-rule-business-another-those-corridor-power-snp-excoriate-chancellor-tax-hypocrisy

by

Leave a Reply