What’s this? The BBC avoiding tax? Well, if Cameron can do it…
![[Image: Guido Fawkes' Blog.]](https://voxpoliticalonline.com/wp-content/uploads/2016/04/160411BermudaBroadcastingCorporation.png)
[Image: Guido Fawkes’ Blog.]
Is it possible that Auntie was held in a similar position to John Whittingdale by people who were aware of this dodge?
Is that why – now that the BBC has reported on David Cameron’s tax avoidance (how could it not? The UK is in outrage about it) – suddenly Tory puppets like Paul Staines and his Guido Fawkes blog are now ‘outing’ the corporation?
It seems likely to This Writer. The BBC revelation followed the Cameron story very quickly, don’t you think?
That said, there is no excuse for tax avoidance by anybody. If the BBC has been engaged in this kind of shady behaviour, then it is right that it has been exposed.
I just question the manner in which it has happened.
Cameron’s taxes and the Panama Papers have led the BBCNews bulletins for the past week, yet licence fee payers remain unenlightened about Auntie’s own offshore financial arrangements. What better place to start than the 2013 BBC Pensions report, which lists investments held by the Beeb’s £9 billion employee benefit scheme. Scroll down to page 16 and it is disclosed that the BBC used investment managers Nephila Capital Ltd to invest £84 million:
Nephila Capital is a wholly owned subsidiary of Nephila Holdings Limited and is a Bermuda domiciled company. As the BBC lines up pundits to jump on the outrage bus about Dave’s £30,000 in a Panamanian unit trust, they stashed £84 million with investors based in Bermuda.There is lots more of this…
Source: BBC’s £84 Million in Bermuda | Media Guido
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They are “ALL” at it “Together”
BBC news this morning, if I caught it right, included in tax openness calls for political journalist to also comply, is this a Tory attack on the ‘outers’?
How can the BBC avoid tax? It doesn’t even pay tax. Almost all pension funds invest in offshore funds as do Unit Trusts.
Why do you say the BBC doesn’t pay tax? It sells its programming abroad and on disc, and there is a great deal more income from marketing strategies. All of these constitute taxable income.
tories have placed tory – biased editors etc in strategic posts which prevent the media from publishing
criticism of the government incompetencies and corruption.
The BBC have lost the public’s trust, much like the government with their dodgy dealings but else would you expect from tory scumbags!
Time you connected the DOTS
RAF whistleblower 788 -790 finchley Road
boiler rooms shell companies offshore accounts + ponzi scams
It is income, but not taxable income. The BBC pays no corporation tax as it is a non profit making organisation, it is not a company in the usual sense and has no shareholders. Its expenditure matches its revenue.
Read and learn. The BBC paid £22 million corporation tax last year. Of course, the horror at the low amount indicates a misunderstanding of what’s going on – the BBC should only be taxed on commercial earnings, not on its entire turnover.
http://www.iea.org.uk/blog/bbc-corporation-tax-horror-story
Ban the (s)tory shill, I say!