Remember this?

Remember this?

Perhaps this is why George Osborne refused to answer questions about his involvement in tax avoidance:

Chancellor George Osborne, who owns a 15% stake in his family’s business Osborne & Little Group Ltd, ‘personally benefited’ from the sale of £6m worth of property to a company based in the British Virgin Islands – a well-known tax haven.

First reported following an investigation by Channel 4 News in 2015, Osborne & Little Ltd teamed up with a company called Nightingale Mews Inc. to redevelop the site of its former headquarters.

Both companies jointly applied for planning permission, and once they were given the green light, Osborne & Little sold their site to the offshore firm for £6,088,000.

At this point in time in 2005, the soon-to-be Chancellor of the Exchequer was the beneficiary of a trust that owned at least a 15% stake in the family-run business, and so George Osborne would have ‘personally benefited’ from a chunk of this £6m windfall.

Source: George Osborne ‘personally benefited’ from £6m property sale to tax-dodging company | EvolvePolitics

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