[Taf]

It was David Cameron's government that banned bearer shares in the UK in 2015. The Prime Minister has also called for an international crackdown on aggressive tax avoidance and evasion.

However, an investment prospectus published by Blairmore in 2006 states that it will seek to ensure its profits remain beyond the reach of HMRC.

"The directors intend that the affairs of the fund should be managed and conducted so that it does not become resident in the UK for UK taxation purposes. Accordingly, the fund will not be subject to UK corporation tax or income tax on its profits."

Blairmore stopped using bearer shares in 2006. And it still hasn't paid any tax in the UK.

http://www.bbc.co.uk/news/world-35961422