Hypocrites the world over, turns out Labour are tax dodgers too

Labour politicians and organisation are hypocrites the world over. While they attack multi-national corporates for not paying tax and use silly measures like trying to calculate tax on revenue rather than profit, they have been using the exact same tax structures to benefit themselves by paying no tax either.

A property company run by the Labour Party has paid no tax in eight years, despite earning millions of pounds in rental revenues, the Daily Telegraph can reveal.

Labour Party Properties Limited (LPPL), which owns a £6.3m portfolio of properties, has paid no corporation tax since 2003.

In those eight years the company has received a total of £8.7m in rents but declared losses of £279,000.

A Labour Party spokesman said the firm had done nothing to intentionally cut its tax bill.

Ed Miliband has repeatedly accused multi-national companies such as Starbucks and Google of failing to pay their full share of tax. 

The latest accounts show LPPL, which is wholly owned by the Labour Party and whose directors include Iain McNicol, the Labour Party general secretary, received £1,189,000 in rent from 21 properties in 2011. Around forty per cent of the portfolio, worth £2.5m, is rented on the open market, while the other buildings are leased to local parties as offices and social clubs.

After property expenses, LPPL recorded a gross profit of £49,000. But “administrative expenses” of £305,000, including legal and professional bills, left it with a loss before tax of £256,000. No tax was paid. Reporting the loss, the accounts said: “The directors consider the state of affairs to be satisfactory”.

In 2010, the company declared a £4,000 loss after receiving rents of £1.16m. Administrative costs came to £241,000.

The company last paid tax in 2003, when its bill was £22,000. It recorded profits in 2006 and 2009, but did not pay any tax in those years thanks to carried-forward losses.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.