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Re: Rishi Sunak is Prime Minister
Quote:
Originally Posted by 1andrew1
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I’m not 100% sure that a former Chancellor, Tory Leadership candidate, and current Cabinet Minister, admitting to being ‘careless’ with tax affairs is quite the defence that he seems to think it is…
https://www.bbc.co.uk/news/uk-politics-64360260
So, he accidentally gave his Founder Shares from YouGov to his father in an Offshore Gibraltar Trust?
or did he?
https://www.taxpolicy.org.uk/2023/01/19/zahawi_story/
Apparently, his father got his (Zahawi’s) Founder Shares because he provided start-up Capital and on-going "entrepreneurial consultancy" - how kind, giving his dad 40% of the start-up shares and keeping none for himself… 
https://www.thetimes.co.uk/article/8...d7eebfdb9b2b67
Quote:
Zahawi’s spokesman said he “had no experience of running a business at the time and so relied heavily on the support and guidance of his father, who was an experienced entrepreneur”.
He said Zahawi’s father had provided £7,000 in start-up capital to YouGov as well as financial support to his son, who had given up his job for the business.
This explanation now appears to have been undermined YouGov’s company secretary, Tilly Heald, who said that Hareth Zahawi had not advised the business and was merely a shareholder. “To YouGov’s knowledge, YouGov had/has no association with Hareth Zahawi beyond any interests he may have held/holds in Balshore Investments Ltd in its capacity as a YouGov shareholder,” Heald said.
Employees who worked at YouGov in its early years had no recollection of Zahawi’s father being in the office and were surprised to hear of his alleged involvement with the business.
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Last edited by Hugh; 21-01-2023 at 18:44.
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