Uri David - Revision history

David at 16:18, 19 October 2011

2011-10-19T16:18:09Z

Lynn Hill: /* Tax Loophole */

2008-06-07T17:50:24Z

Tax Loophole

Lynn Hill: new page

2008-06-07T16:27:21Z

new page

New page

==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.<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 Guardian 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]], [[Mohamed Al Fayed]], [[David Potter]], [[Tony Tabatznik]], [[Lakshmi Mittal]], [[Christopher Ondaatje]], [[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.

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<ref>The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002</ref>..

==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'<ref>The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002</ref>..

==Donating to Labour==
In 2002, David is reported to have donated £18,000 to [[Labour]]<ref>The Guardian 'Special Investigation: Tax loopholes on homes benefit the rich and cost UK millions: Choice homes, virtually tax free'. 25th May 2002</ref>.

==References==
<references/>

@@ Line 1: / Line 1: @@
 ==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 Uri David's Hampstead home is owned by a Jersey trust company.<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]], [[Mohamed Al Fayed]], [[David Potter]], [[Tony Tabatznik]], [[Lakshmi Mittal]], [[Christopher Ondaatje]], [[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.
+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 Uri David's Hampstead home is owned by a Jersey trust company.<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]], [[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<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>..
 ==Suspected Laundering with links to Dictator Abacha of Nigeria==

@@ Line 9: / Line 9: @@
 ==Donating to Labour==
 In 2002, David is reported to have donated £18,000 to [[Labour]]<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>.
 ==References==
 <references/>