...and there we have the nub of the problem......he who pays the piper calls the tune....
That'll be the likes of..
Michael Davis (£509,000) —
“Mick the miner” trousered £75m when his
Xstrata mining company was sold this year. While the company’s registered office is in London, it is headquartered in the
Swiss tax haven of Zug. The business which bought out Xstrata, Glencore, is not only based in Zug but also faces allegations of using
suspect insurance practices to avoid tax.
David Rowland (£438,000) — A former Conservative Party treasurer, David moved from the
tax haven of Guernsey to the UK
specifically so he could
donate to the Tories.
James Lupton (£255,000) — The
current Tory co-treasurer works for Greenhill, through which he is a partner in Greenhill & Co. International LLP alongside the company’s vehicle
based in the Cayman Islands. Lupton also holds a stake in Vestra Wealth, which offers its clients advice on
“tax-planning vehicles”.
Andrew Law (£247,000) — The chairman and CEO of one of the world’s
largest hedge funds,
Caxton Associates. One of its main investment vehicles is Caxton International, headquartered in
Hamilton, Bermuda.
Stanley Fink (£228,000) — The
“godfather of the UK hedge fund industry”, whose Man Group has two principal subsidiaries in Switzerland. The
majority of its subsidiaries operate from tax havens.
JCB Research (£187,500) — JCB is owned by digger magnate Anthony Bamford (who
had a peerage blocked in 2010
after the taxman raised apparent concerns). This most British of manufacturers is actually controlled by a
holding company based in the Hague —
Transmissions & Engineering Services Netherlands Bv.
Flowidea Ltd (£144,950) — Controlled by
Henry Angest,
a critic of the UK’s
“punitive tax system”, which may have something to do with the fact that its parent companies seem to be based in
Jersey and
the Bahamas.
Lycamobile UK (£119,000) — Funded by T-Mobile subsidiaries in
the Netherlands.
IPGL (£105,000) — Private equity company which structures investments in British firms via intermediaries (such as Incap Finance and Incap Gaming) in the
Netherlands.
Adrian Beecroft (£101,000) — Private equity boss boss known for his involvement with
Dawn Capital and
Apax Partners, the latter of which advised the
Guardian to use an
offshore vehicle based in the Caymans for the
purchase of magazine titles.
Chris Rokos (£99,000) — Co-founder of Europe’s second largest hedge fund,
Brevan Howard, whose subsidiaries include Brevan Howard Offshore,
based in the Caymans.
Mark Samworth (£90,000) — This support from the
boss of food firm Ginster’s follows on from previous hand-outs, notably the
£100,000 donated after Osborne hit his rivals with a
“pasty tax” on their hot pasties. Despite Ginsters burgeoning their Cornish credentials, the
parent company of the operation is based not in Cornwall but the, errr,
low-tax jurisdiction of Jersey.
GR Software and Research (£87,000) — With directors including
the husband of
Tory MP Andrea Leadsom, this company is owned by the mysterious PANS (UK) Holdings Ltd, which is not a company registered in the UK
All Tory party donors.