Swraj Paul - Revision history

Josh Leeson at 10:49, 16 February 2015

2015-02-16T10:49:26Z

Melissa Jones: /* New Labour links */

2015-02-16T05:03:58Z

New Labour links

Melissa Jones: edit

2015-02-16T04:53:27Z

edit

Melissa Jones at 04:51, 16 February 2015

2015-02-16T04:51:30Z

Melissa Jones: edit, clarity on news reports etc

2015-02-16T04:47:13Z

edit, clarity on news reports etc

Melissa Jones: /* New Labour links */

2015-02-16T04:43:09Z

New Labour links

Melissa Jones at 04:41, 16 February 2015

2015-02-16T04:41:37Z

Josh Leeson at 15:46, 13 February 2015

2015-02-13T15:46:25Z

Melissa Jones: /* Affiliations */

2014-10-28T08:03:57Z

Affiliations

Melissa Jones at 08:01, 28 October 2014

2014-10-28T08:01:40Z

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 ==Background==
-Swraj Paul was born in Jalandhar in 1931. His father ran a small foundry, making steel buckets and farming equipment. Swraj Paul was educated at the [[Punjab University]] and later obtained a Master's degree in mechanical engineering from the [[Massachusetts Institute of Technology]] (MIT) in the US<ref>Chance to shine [http://www.chancetoshine.org/captains/paul.php Lord Paul] Accessed 2 Sep 2007</ref>.
+Swraj Paul was born in Jalandhar in 1931. His father ran a small foundry, making steel buckets and farming equipment. Swraj Paul was educated at the [[Punjab University]] and later obtained a Master's degree in mechanical engineering from the [[Massachusetts Institute of Technology]] (MIT) in the US.<ref>Chance to shine, [http://www.chancetoshine.org/captains/paul.php Lord Paul], accessed 2 Sep 2007</ref>
-On his return to India, Swaraj joined the [[Apeejay]] Group, which his father had founded. It was a twist of fate that he had to visit London to get his daughter treated for leukemia. He took over the operations of Apeejay Overseas and relocated permanently to London in 1966. After the Apeejay family partition, Lord Swaraj Paul renamed the company Caparo. From acquiring one steel unit, he went on to acquire more and founded the [[Caparo group]] in 1978, which developed into one of the leading producers of welded steel tube and spiral welded pipe in the UK. He stepped down from the management of the Caparo group in 1996, handing over his empire to his three sons<ref>Caparo Group plc 1996-2007 [http://www.caparo.com/about/timeline.asp About Us History and Timeline] Accessed 2 Sep 2007</ref>.
+On his return to India, Swaraj joined the [[Apeejay]] Group, which his father had founded. It was a twist of fate that he had to visit London to get his daughter treated for leukemia. He took over the operations of Apeejay Overseas and relocated permanently to London in 1966. After the Apeejay family partition, Lord Swaraj Paul renamed the company Caparo. From acquiring one steel unit, he went on to acquire more and founded the [[Caparo group]] in 1978, which developed into one of the leading producers of welded steel tube and spiral welded pipe in the UK. He stepped down from the management of the Caparo group in 1996, handing over his empire to his three sons.<ref>Caparo Group plc, [http://www.caparo.com/about/timeline.asp About Us History and Timeline], accessed 2 Sep 2007</ref>
 ==New Labour links==
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 *Member [[House of Lords Select Committee on Science & Technology]]
 *Member [[All-Party Parliamentary Group for the UK Aluminium Industry]]
-*Former member [[House of Lords Select Committee on Economic Affairs]]<ref>UK Parliament website [http://www.parliament.the-stationery-office.co.uk/pa/ld200203/ldselect/ldeconaf/5/510.htm Select Committee on Economic Affairs First Report Appendix 1 Select Committee on Economic Affairs]</ref> <ref>PiggyBankKids [http://www.piggybankkids.org/index.jsp?c=/pages/biographies.jsp&i=57&s=1111 Lord Paul of Marylebone]</ref>
+*Former member [[House of Lords Select Committee on Economic Affairs]]<ref>UK Parliament, [http://www.parliament.the-stationery-office.co.uk/pa/ld200203/ldselect/ldeconaf/5/510.htm Select Committee on Economic Affairs First Report Appendix 1 Select Committee on Economic Affairs]</ref> <ref>PiggyBankKids, [http://www.piggybankkids.org/index.jsp?c=/pages/biographies.jsp&i=57&s=1111 Lord Paul of Marylebone] </ref>
 *Trustee, circa 2010 [[Community Security Trust]]
 *[[Berwin Leighton Paisner]], was a non-parliamentary adviser circa 2009 <ref> James Dean [http://www.lawgazette.co.uk/news/firms-face-lobbying-scrutiny/49403.fullarticle Firms face lobbying scrutiny], Law Society Gazette, 12 February 2009, accessed 28 October 2014 </ref>

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 Caparo made £20 million in profit in 1998 and £25 million profit in 1999, with 4,000 employees at plants in Scunthorpe, Hartlepool, Huntingdon and Birmingham. The business is run by his three sons and is based in Baker Street, London.
-His family is worth £330 million (Angad, his son, co-produced the film "Lock, Stock and Two Smoking Barrels"). Lord Paul's shares in Caparo are held by a company registered in Tortola in the [[British Virgin Islands]], an offshore tax haven. Because he was born in India (he became a British citizen in 1976) Lord Paul is 'non-domiciled' for tax purposes, which means he can avoid income tax, capital gains and inheritance tax on the millions of pounds he holds 'offshore'.
+His family is worth £330 million (Angad, his son, co-produced the film "Lock, Stock and Two Smoking Barrels"). Lord Paul's shares in Caparo are held by a company registered in Tortola in the [[British Virgin Islands]], an offshore tax haven. Because he was born in India (he became a British citizen in 1976) Lord Paul was until 2010'non-domiciled' for tax purposes, which allowed him to avoid paying income tax, capital gains and inheritance tax on the millions of pounds he holds 'offshore'.
-Lord Paul acts as Tony Blair's 'unofficial envoy' to India, used as a messenger between the UK and Indian Governments. He sits on the [[Competitiveness Working Party]]: Promoting The Best Of Best Practice and the West Midlands Regional Competitiveness Working Party.<ref>Available from [http://www.red-star-research.org.uk/subframe5.html search function] on red star research</ref>
+Lord Paul acted as former UK prime minister [[Tony Blair]]'s 'unofficial envoy' to India, used as a messenger between the UK and Indian governments. He sat on the [[Competitiveness Working Party]]: Promoting The Best Of Best Practice and the [[West Midlands Regional Competitiveness Working Party]].<ref>Available from [http://www.red-star-research.org.uk/subframe5.html search function] on red star research</ref>
 ===Political donations===

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 ==HSBC tax avoidance scandal 2015==
-Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax avoidance scandal. Paul keeps most of his fortune in Geneva, owning accounts totalling up to £240million. Paul was a non-domicile until 2010, but had to give the status up when parliamentarians were banned from using the benefit. He claims [[HM Revenue and Customs]] were fully aware of these accounts and that they had incurred no additional tax. There is no suggestion that he did anything unlawful.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
+Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax avoidance scandal. Paul keeps most of his fortune in Geneva, owning accounts totalling up to £240million. Paul was a non-domicile until 2010, when parliamentarians were banned from using the benefit. He gave up non-dom status and claims [[HM Revenue and Customs]] were fully aware of his Swiss accounts, which had not incurred any extra tax liabilities. There is no suggestion that he did anything unlawful.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
 ==Affiliations==

@@ Line 38: / Line 38: @@
 </table><ref> Electoral Commission, [https://pefonline.electoralcommission.org.uk/Search/CommonReturnsSearch.aspx?type=basicDonationSearch Donation Search], accessed 13 February 2015 </ref>
 ==HSBC tax avoidance scandal 2015==
-Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax avoidance scandal. Paul keeps most his money in Geneva, owning accounts containing up to £240million. Paul was a non-domicile until 2010, but had to give the status up when parliamentarians were banned from using the benefit. He claims [[HM Revenue and Customs]] were fully aware of these accounts and that they had incurred no additional tax.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
+Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax avoidance scandal. Paul keeps most of his fortune in Geneva, owning accounts totalling up to £240million. Paul was a non-domicile until 2010, but had to give the status up when parliamentarians were banned from using the benefit. He claims [[HM Revenue and Customs]] were fully aware of these accounts and that they had incurred no additional tax. There is no suggestion that he did anything unlawful.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
 ==Affiliations==

@@ Line 39: / Line 39: @@
 </table><ref> Electoral Commission, [https://pefonline.electoralcommission.org.uk/Search/CommonReturnsSearch.aspx?type=basicDonationSearch Donation Search], accessed 13 February 2015 </ref>
-==Tax evasion==
+==HSBC tax avoidance scandal 2015==
-Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax evasion scandal. Paul stores the majority of his money in Geneva, owning accounts containing up to £240million. Paul was a non-domicile until 2010, but had to give the status up when parliamentarians were banned from using the benefit. He claims [[HM Revenue and Customs]] were fully aware of this accounts and that they had incurred no additional tax.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
+Lord Paul was named as one of the key political figures to hold a Swiss bank account in the aftermath of the 2015 [[HSBC]] tax avoidance scandal. Paul keeps most his money in Geneva, owning accounts containing up to £240million. Paul was a non-domicile until 2010, but had to give the status up when parliamentarians were banned from using the benefit. He claims [[HM Revenue and Customs]] were fully aware of these accounts and that they had incurred no additional tax.<ref> David Leigh, James Ball, Juliette Garside and David Pegg, [http://www.theguardian.com/business/2015/feb/11/hsbc-files-show-tories-raised-over-5m-from-hsbc-swiss-account-holders?CMP=share_btn_tw HSBC files show Tories raised over £5m from HSBC Swiss account holders] ''The Guardian'', 11 February 2015, accessed 13 February 2015 </ref>
 ==Affiliations==

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 ==New Labour links==
-Lord Paul owns Caparo Industries, a steel manufacturing business, which gave £101,000 to the Labour Party in 1998, £76,000 in 1997 and £109,000 in 1996, and more than £5,000 in 2000. In total, between 1994 and 1998 Caparo gave £387,000 to the Labour Party. This figure includes £47,000 given to the [[Industrial Research Trust]], which funded [[Gordon Brown]]'s private office before the 1997 election. Lord Paul is a friend of Gordon Brown and was appointed as an official ambassador for British industry in November 1997.
+Lord Paul owns [[Caparo Industries]], a steel manufacturing business, which gave £101,000 to the Labour Party in 1998, £76,000 in 1997 and £109,000 in 1996, and more than £5,000 in 2000. In total, between 1994 and 1998 Caparo gave £387,000 to the Labour Party. This figure includes £47,000 given to the [[Industrial Research Trust]], which funded [[Gordon Brown]]'s private office before the 1997 election. Lord Paul is a friend of Gordon Brown and was appointed as an official ambassador for British industry in November 1997.
-Caparo made £20 million in profit in 1998 and £25 million profit in 1999, with 4,000 employees at plants in Scunthorpe, Hartlepool, Huntingdon and Birmingham. The business is run by his 3 sons and is based in Baker Street, London.
+Caparo made £20 million in profit in 1998 and £25 million profit in 1999, with 4,000 employees at plants in Scunthorpe, Hartlepool, Huntingdon and Birmingham. The business is run by his three sons and is based in Baker Street, London.
-His family is worth £330 million (Angad, his son, co-produced the film "Lock, Stock and Two Smoking Barrels"). Lord Paul's shares in Caparo are held by a company registered in Tortola in the British Virgin Islands, an offshore tax haven. Because he was born in India (he became a British citizen in 1976) Lord Paul is 'non-domiciled' for tax purposes, which means he can avoid income tax, capital gains and inheritance tax on the millions of pounds he holds 'offshore'.
+His family is worth £330 million (Angad, his son, co-produced the film "Lock, Stock and Two Smoking Barrels"). Lord Paul's shares in Caparo are held by a company registered in Tortola in the [[British Virgin Islands]], an offshore tax haven. Because he was born in India (he became a British citizen in 1976) Lord Paul is 'non-domiciled' for tax purposes, which means he can avoid income tax, capital gains and inheritance tax on the millions of pounds he holds 'offshore'.
-Lord Paul acts as Tony Blair's 'unofficial envoy' to India, used as a messenger between the UK and Indian Governments. He sits on the [[Competitiveness Working Party]]: Promoting The Best Of Best Practice and the West Midlands Regional Competitiveness Working Party<ref>Available from [http://www.red-star-research.org.uk/subframe5.html search function] on red star research</ref>.
+Lord Paul acts as Tony Blair's 'unofficial envoy' to India, used as a messenger between the UK and Indian Governments. He sits on the [[Competitiveness Working Party]]: Promoting The Best Of Best Practice and the West Midlands Regional Competitiveness Working Party.<ref>Available from [http://www.red-star-research.org.uk/subframe5.html search function] on red star research</ref>
 ===Political donations===

← Older revision		Revision as of 04:41, 16 February 2015
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−	'''Swraj Paul, Baron Paul''' (born 1931) is an Indian-born, British-based business man. He was knighted by the Queen in 1978. In 1996 he became a life peer, taking the title '''Baron Paul''' of Marylebone in the City of Westminster.	+	'''Swraj Paul, Baron Paul''' (born 1931) is an Indian-born, British-based business man. He was knighted by the Queen in 1978.
		+
		+	In 1996 he became a life peer, taking the title '''Baron Paul''' of Marylebone in the City of Westminster.

	==Background==		==Background==

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 Lord Paul acts as Tony Blair's 'unofficial envoy' to India, used as a messenger between the UK and Indian Governments. He sits on the [[Competitiveness Working Party]]: Promoting The Best Of Best Practice and the West Midlands Regional Competitiveness Working Party<ref>Available from [http://www.red-star-research.org.uk/subframe5.html search function] on red star research</ref>.
 ==Affiliations==
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 == References ==
 <references/>
-[[Category:House of Lords|Paul, Swraj]]
+[[Category:House of Lords|Paul, Swraj]][[Category:Labour Party Donors|Paul, Swraj]]