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  PaulB - it is quite normal to invest offshore and quite legal. I will often, in the right circumstances, be recommending offshore domiciled investments, Dublin, Isle of Man, Channel Islands and Luxembourg being the more commonly used by me. Taxation arrangements are such that we can avoid the risk of 'double taxation' being incurred in this way, where it would be a problem. I am quite sure that Andrew Mitchell has done so properly and quite legally because if not you would not even know about it... No, this is not about 'the spirit of the law' it is fully and totally legal and in fact there are arrangements in place for HMRC to be informed and a 'withholding tax' can often apply as well.
  
  To suggest that someone is doing so secretly, as you say he has 'hidden' investment (I assume that's what you mean, not 'tax revenue'), is to suggest they are breaking the law though I note your qualification. Of course there are many Labour frontbenchers who will have done so as well and they will have done nothing wrong. There is nothing party political about this and neither is it something that is only for the rich - there may be good reasons for you or anyone else reading this forum to have some money 'offshore'.

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