Anthony Tabatznik
Anthony Tabatznik is the former Chair of pharmaceutical companies Generics UK and Amerpharm, which he sold 50% of in 1994 to the German drugs firm Merck, for around £102 million and has since sold off the rest. He gave more than £5,000 to the Labour Party in 1998. In 2002 he is reported to have donated £25,000 to Labour[1].
He is Director of the Oxford Institute for Yiddish Studies and lives in St Johns Wood in North London.
Tax Loophole
In an article in 2002 on the subject of how 'Rich people are costing Britain millions in lost tax by not registering their houses in their own names', the Guardian reports that Tabatznik's north London home is owned by a Panama company.[2]. The article claims that through the exploitation of legal loopholes 'wealthy individuals... appear to be enjoying the country's choicest property virtually tax-free'. The article also mentions Margaret Thatcher, Mohamed Al Fayed, David Potter, Christopher Ondaatje, Lakshmi Mittal, Uri David, Rupert Allason, Wafic Said and Isaac Kaye as others who are not the registered owners of their homes who may benefit from such a loophole.
Tabatznik's home in St Johns Wood Park, north London is registered to Scarlet Corporation Inc. of Panama. He is of South African origin with non-domicile status in the UK. It is estimated that he could potentially make savings in the region of £500,000 in stamp duty and inheritance tax[3].
- ↑ The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002
- ↑ Evans, R & Hencke, D. (2002) 'Tax loopholes on homes benefit the rich and cost UK millions'. The Guardian 25th May 2002. Accessed 22nd May 2008
- ↑ The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002
