the investigation into it nadeem zahawi sub financials a pair two affairs was kick started by the tax expert dan needle. listen to how he was referred to by monday s news at ten on tuesdays at newsnight. dan needle is a ten on tuesdays at newsnight. lian needle is a labour supporting tax lawyer who s been investigating mr nadeem zahawi is tax affair, but regarding investments. dan nadeem zahawi is tax affair, but regarding investments. dan needle is also a senior regarding investments. dan needle is also a senior tax, regarding investments. dan needle is also a senior tax, also regarding investments. dan needle is also a senior tax, also a regarding investments. dan needle is also a senior tax, also a vociferous i also a senior tax, also a vociferous labour also a senior tax, also a vociferous labour supporter as well, it has to be said labour supporter as well, it has to be said i labour supporter as well, it has to be said. ., ~ labour supporter as well, it has to be s
which made i mean, you hardly have to be bernstein and woodward for your antennae to twing at that. then there was that amazing story in the independent claiming that mr zahawi had been under investigation at one point by the nca, sf0 and hmrc, and apparently they found nothing. zahawi denied it, but i m familiar with those investigations. normally the subject doesn t know they re being investigated. so, what i then did is kind of what my dayjob was when i was a tax lawyer. people think tax lawyers are their dreaming up tax avoidance schemes. not in the last 20 years, they re not. what they normally do is much less glamourous. you ve got a client who s thinking of taking over a company. what are the tax skeletons in that companies closet? because if you buy it and it finds out they did bad tax stuff, that s going to cost you, the buyer, money. so, entirely selfish capitalism incentives drive companies acquiring other companies and the tax lawyer
in the process, he took founder shares in the business in exchange for some capital, and his invaluable guidance. in other words, mr zahawi says, in part because of help he received, he gave his parents 40% of the shares in yougov. and the question of who was benefiting from balshore investments goes to the heart of this story. dan neidle s a labour supporting tax lawyer who s been investigating the matter. he claims that the trust made at least £27 million of capital gains by selling its yougov shares that s mr neidle s calculation, not the bbc s. he also estimates that, if this was liable for uk tax, approximately £3.7 million would have been owed. but last week, a representative for mr zahawi reiterated neither he nor his direct family are beneficiaries of balshore investments investments or any trust associated with it. and hearing that, you might ask, well, why is mr zahawi just settled a multi million pound tax bill? well, we don t have all the details. but back injuly, dan
for standards in public life, which i ve read because we discuss on the podcast that s out tomorrow. it says that when people in positions of leadership tolerate misconduct by others in this way, they are encouraging others to do the same. so he s encouraging these attacks and dishonesty, he s encouraging people threatening libel lawyers when a journalist or tax lawyer asks legitimate questions which turned out to be true. he s gone way beyond so what s the ethics adviser meant to investigate when we already know the key facts? the key facts? what about the key facts when it the key facts? what about the key facts when it comes the key facts? what about the key facts when it comes to the key facts? what about the key facts when it comes to other - facts when it comes to other questions facing the government at the moment, which is the appointment of the bbc chairman, richard sharp he will be before the digital culture sport select committee next month, we are hearing all abou
was allocated to a company called balshore investments ltd, which was based not in the uk, but in the british 0verseas territory gibraltar and this was owned by nadhim zahawi s parents. dan neidle is a labour supporting tax lawyer who s been leading the investigation into mr zahawi s tax affairs particularly relating to balshore investments. he claims that when the yougov shares were sold in 2005, the trust made at least £27 million of capital gains. this is mr neidle s calculation, not the bbc s. mr neidle estimates that if this had been liable for uk capital gains tax, 3.7 million would have been owed. we know that on 18th january this year, a representative for mr zahawi said, neither he nor his direct family are beneficiaries of balshore investments or any trust associated with it. in which case, why has mr zahawi just settled a multi million pound tax bill?