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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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