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The Guardian, Tax Avoidance and Hypocrisy

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Neil_F

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Joined
Jul 5, 2007
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Giving that The Guardian is an oft referenced publication on this forum, I thought it would be worth highlighting some hypocrisy in their editorial stance.

We know that they are very much against tax avoidance, especially the use of offshore trusts and entities. Surely they would never use such arrangements themselves?

http://www.telegraph.co.uk/finance/comment/citydiary/2785547/Guardian-finds-its-duty-rather-taxing.html

Using a Cayman Islands company to acquire a UK registered company means that no stamp duty has to be paid to HMRC. If the Guardian Media Group plc, a UK entity, had acquired the company directly then stamp duty would have been due. Hence the duty was successfully avoided through the use of an entity registered in a tax haven.

Would any Guardian readers care to comment?
 
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