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    Lord Feldman faces new row over corporation tax

    Conservative chairman in row over news his company Jayroma made large donations to party

    but paid no corporation tax

    Lord Feldman faces claims that his company Jayroma made large donations to the Tory party

    despite paying no corporation tax, though this was completely legal. Photograph: Steve Back/Rex Features

    The Tory party chairman Lord Feldman faces fresh scrutiny after it has emerged that his company has

    given tens of thousands of pounds to the Conservatives in the last two years while at the same time paying

    no corporation tax.

    Feldman was drawn into controversy last month when he was forced to deny calling grassroots

    Tory activists "swivel-eyed loons".

    Accounts for the clothing company Jayroma, of which Feldman is controlling party, show that it made profits

    of £545,383 last year and £320,343 the year before. In neither year did it pay corporation tax.

    However, it has continued to be a generous supporter of the Tory party. Jayroma's accounts show that it

    donated £8,690 to the Tories last year and £13,000 in 2011. Jayroma was legitimately exempted from paying

    corporation tax over the last two years because it made a loss of £1.7m in 2010, due in part to costs associated

    with the closure of a factory and redundancy payments to staff.

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