tag:blogger.com,1999:blog-3881762807913180318.post1461745476335068692..comments2024-01-23T16:53:02.428+00:00Comments on Mark Thompson: If Cameron knew his inheritance was from tax haven money he must resignMark Thompsonhttp://www.blogger.com/profile/00744387583593537268noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3881762807913180318.post-137484131046129332016-04-06T10:01:46.875+01:002016-04-06T10:01:46.875+01:00You do understand that Blairmore Holdings wasn'...You do understand that Blairmore Holdings wasn't a UK registered company? And that the reason for flying out to board meetings outside the UK was entirely to ensure it was not considered a UK company? And that non-UK companies are by definition outside the UK's tax jurisdiction? We can't just go around demanding to tax every company in the world. <br /><br />What very few people seem to understand (or care to want to understand) is that money that people make when working outside the UK is outside the UK's tax jurisdiction. And in this day and age of globalisation, internet commerce etc, there are more and more people who will have at some point in their lives worked outside the UK, and amassed considerable wealth while doing so. They are perfectly entitled to leave that money outside the UK and the UK cannot tax it. Thus there are perfectly legitimate reasons for people to have foreign registered companies and bank accounts in places like Guernsey etc. The mere existence of these entities does not 'prove' tax evasion any more than having a stack of £20 notes under your mattress does.Sobershttps://www.blogger.com/profile/11407417389022146963noreply@blogger.com