View source for Mohamed Al Fayed

==Donations to the Tories==
[[Mohamed Al Fayed]] is reported to have given the [[Conservative Party]] £250,000 in 1980s<ref><i>The Guardian</i> 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002</ref>. He is also reported to have 'famously gave Tory MPs [[Tim Smith]] and [[Neil Hamilton]] cash in brown envelopes'<ref>Evans, R & Hencke, D. (2002) [http://www.guardian.co.uk/money/2002/may/25/tax.politics 'Tax loopholes on homes benefit the rich and cost UK millions']. The <i>Guardian</i> 25th May 2002. Accessed 22nd May 2008</ref>.

==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 <i>Guardian</i> reports that Mohamed Al Fayed's Surrey mansion, Barrow Green Court, and his Scottish castle at Balnagown, are registered to [[Bocardo]] (a company in the tax haven of Liechtenstein). The company's shares 'are believed to be held in turn at [[Banque Gonet]] in Switzerland and controlled by Mr Fayed and his two brothers'.<ref>Evans, R & Hencke, D. (2002) [http://www.guardian.co.uk/money/2002/may/25/tax.politics 'Tax loopholes on homes benefit the rich and cost UK millions']. The <i>Guardian</i> 25th May 2002. Accessed 22nd May 2008</ref>. 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]], [[Anthony Tabatznik]], [[David Potter]], [[Christopher Ondaatje]], [[Lakshmi Mittal]], [[Uri David]], [[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.

Fayed is an Egyptian citizen with Non-domiciled status in the UK. It is estimated that he could potentially avoid a possible total of £2m in capital gains tax, inheritance tax and stamp duty<ref><i>The Guardian</i> 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002</ref>.

==PR firm==
*[[Athena PR]] promotes his [[Al-Fayed Charitable Foundation]]

==References==
<references/>