• The post you are reporting:
   
  In the Sunday Telegraph Andrew Gilligan has revealed that Ken Livingstone has used a loophole to avoid £50,000 of tax.
  
  Companies House figures: earnings of £232,000 in 2009 went through a company, Silveta Ltd, a company with two shareholders, Livingstone and his wife. As a result he paid corporation tax at 20% or 21%, instead of 40% income tax.
  
  It is legal, legitimate and fair enough. He has done nothing wrong in doing that. No doubt the money was extracted tax efficiently from the business as well in a number of perfectly legal ways open to him.
  
  But this is Ken Livingstone and he is as bad or even worse than Reg in his class hatred and class warfare rhetoric. One thing I have found he said about people who do what he did was "These rich b------- just don't get it... No one should be allowed to vote in a British election, let alone sit in Parliament, unless they pay their full share of tax."
  
  Hypocrite.

Report Post

Your Name

Reason