A PROPERTY business run by Labour hasn’t paid a penny in tax for 15 years – despite rental income of nearly £20 million.
Shadow Chancellor John McDonnell faced charges of “barefaced hypocrisy” over the revelations after declaring war on ‘tax dodging’ last week.John McDonnell faces charges of 'barefaced hypocrisy' after it was revealed a Labour-run property business hasn't paid tax in 15 yearsNew figures at Companies House reveal that ‘Labour Party Properties Limited’ – a venture that owns 19 buildings across the UK – declared zero tax in 2018 despite profits of nearly £630,000.
Rental income in 2018 was £2.6 million but this was offset by deferred losses, property expenses totalling £1.7 million and admin costs of £265,000.The administration costs included a £102,000 interest charge … from the Labour Party.But in the results, the company said: “The directors consider the state of affairs to be satisfactory”
Tory backbencher Maria Caulfield said: “This appears barefaced hypocrisy from Labour and is typical of their ‘do as we say, but not as we do’ approach.
And he added: “People are offended by the scale not just of tax evasion but of avoidance by some of the major companies.”John McDonnell reveals Labour has given up on plans to get new Brexit deal
Psimpson13Peter The Sun ? I thought you'd slithered away years ago ? Was offered a free one at the spar the outher day , declined as id already bought my toilet roll thanks
cheekylatte Seems you have little idea how socialism works, tax is only for capitalist we all know that
For the few.
And your owner? 🤭 Special Place In hell for him 😈
Bent?😳
Is this the wrong kind of Socialism I keep hearing about?