Uri David
Contents
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 Uri David's Hampstead home is owned by a Jersey trust company.[1]. 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, Tony Tabatznik, Lakshmi Mittal, Christopher Ondaatje, Rupert Allason, Wafic Said, Prince Bandar and Isaac Kaye as others who are not the registered owners of their homes who may benefit from such a loophole.
David's home is registered to Speechly Birnam Trust Co, Jersey. He is reported to have UK nationality but is classed as non-domiciled of Israeli origin. It is estimated that his potential savings in inheritance tax and stamp duty is in the region of £560,000[2]..
Suspected Laundering with links to Dictator Abacha of Nigeria
In a 2002 report by the Guardian, David is reported to control engineering and property firms and is to have had a Swiss bank account with £42m which was 'frozen on suspicion that it may have been used by associates to launder fortune stolen by former dictator Gen Abacha of Nigeria'[3]..
Donating to Labour
In 2002, David is reported to have donated £18,000 to Labour[4].
Affiliations
- United Jewish Israel Appeal, member circa 2004[5]
References
- ↑ 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
- ↑ The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002
- ↑ The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002
- ↑ UJIA The People, Retrieved from the Internet Archive of 14 February 2004, accessed 20 October 2011
