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BBCNEWS HARDtalk December 3, 2021 00:40:00

What i mentioned that important things in terms of the expectations we have on tax and transparency, one, you want to pay tax where your earnings are generated. that s very important. but you didn t generate earnings injersey and the cayman islands, yet you used them for tax purposes. no, i generated the earnings in the ako fund in the uk, and that s where i paid my full tax all the time. so, why did you have these vehicles that were registered from the cayman island and jersey? because what i said which i mentioned earlier is that the clients of large endowments worldwide, that s where they wanted to be. let s take a bigger picture and look now at how you run the fund. the fund has massive stakes in oil and gas companies around the world, i think still to the tune of some $27 billion. now, post glasgow, cop26 and the urgent need to decarbonise the world ....

Cayman Island , Mako Fund , Tax Purposes , Oil And Gas , Post Glasgow , World Economy , 27 Billion , 7 Billion ,

BBCNEWS HARDtalk December 3, 2021 04:40:00

A point and the wealth fund, generally, actually, have made a point that generally, it says it wants to be a much more active shareholder. because you hold investments i think it s over 9,000 listed companies around the world and your shareholdings run into many of these companies billions of dollars. in percentage terms, it might be anything from 1% to 3% or 4% of the company you own. therefore, you want now to have a voice on the way those companies run themselves. are you telling them that putting tax avoidance strategies together is not acceptable? we are telling them what i mentioned that important things in terms of the expectations we have on tax and transparency, that, one, you want to pay tax where your earnings are generated. that s very, very important. but you didn t generate earnings injersey and the cayman islands, and yet, you used them for tax purposes. no, i generated the earnings in the ako fund in the uk, and that s also where i paid my full tax all the tim ....

Wealth Fund , Tax Avoidance Strategies , Mako Fund , Cayman Island , Tax Purposes ,

BBCNEWS HARDtalk November 30, 2021 00:40:00

Of the expectations we have on tax and transparency, one, you want to pay tax where your earnings are generated. that s very important. but you didn t generate earnings injersey and the cayman islands, yet you used them for tax purposes. no, i generated the earnings in the ako fund in the uk, and that s where i paid my full tax all the time. so why did you have these vehicles that were registered from the cayman island and jersey? because what i said which i mentioned earlier is that the clients of large endowments worldwide, that s where they wanted to be. let s take a bigger picture and look now at how you run the fund. the fund has massive stakes in oil and gas companies around the world, i think still to the tune of some $27 billion. now, post glasgow, cop26 and the urgent need to decarbonise the world ....

Cayman Island , Mako Fund , Tax Purposes , Oil And Gas , Post Glasgow , World Economy , 27 Billion , 7 Billion ,

BBCNEWS HARDtalk November 29, 2021 04:41:00

The cayman islands, yet you used them for tax purposes. no, i generated the earnings in the ako fund in the uk, and that s where i paid my full tax all the time. so why did you have these vehicles that were registered from the cayman island and jersey? because what i said which i mentioned earlier is that the clients of large endowments worldwide, that s where they wanted to be. let s take a bigger picture and look and how you run the fund. the fund has massive stakes in oil and gas companies around the world, i think still to the tune of some $27 billion. now, post glasgow, cop26 and the urgent need to decarbonise the world economy, are you sending a message that you will divest from oil and gas? no, we are not, and i ll tell you why in 2019, the oilfund divested the pure upstream oil companies. now, that was not for ethical reasons, that was because we wanted to have diversification risk, ....

Mako Fund , Tax Purposes , Cayman Island , Oil And Gas , Post Glasgow , World Economy , 7 Billion , 27 Billion , Diversification Risk ,