News

Paradise Papers

07-11-2017

Leaked documents of 13.4m files from two offshore service providers and 19 tax havens' company registries know as the paradise papers have been released, revealing how much wealth is stored off shore to avoid tax. 

Amongst the offshore wealth is 10 Million pounds worth of investment made on behalf of the Queen by the Duchy of Lancaster. Some of this investment was in Bright House, a company that charges high rates of interest on household goods for those who cannot afford to buy them outright. Last week Bright House was ordered to pay back £14.8m to its customers last week after the Financial Conduct Authority said it had not acted as a “responsible leader”.

Apple was also found to have moved parts of it's operation to Jersey, to avoid tax on $252bn. This move was after Apple came under scrutiny for their previous Irish tax avoidance system.

Conservative donor Lord Ashcroft is also under investigation for using an offshore trust to shelter wealth. With 13.4 million files, many more tax avoidance schemes are sure to continue to come to light. 

After the revelations, the Labour leader, Jeremy Corbyn, appeared to suggest the Queen should apologise. “Anyone that is putting money into tax havens in order to avoid taxation in Britain, and obviously investigations have to take place, should do two things – not just apologise for it but also recognise what it does to our society,” said Corbyn.

Theresa May said that ‘HMRC is already able to see more information about the ownership of shell companies for example so they can ensure that people are paying their tax.’ 

EDAS on Twitter


EDAS
10 Fordyce Way
Auchterarder
Perthshire
PH3 1BE

Tel: +44 (0)7801 354591

Mailing List Sign Up

Sign up to The Royal Dornoch Golf Hotel email mailing list to receive all the latset Short Breaks, Golf Packages, and Special Offers.

Sign up today!


Choose your Language


Best Rate Guarantee · Book Direct

All our rooms can be booked online DIRECT via our website & we will always offer a BEST RATE GUARANTEE if you book through our site.

Secure Online Booking via our booking engine.

Tripadvisor Awards Scottish Tourist Board 4 Star Hotel

Book your room


Book Restaurant



Restaurant Awards

The Royal Golf Hotel has won the Taste our Best Award for 2015/2016.

Tast our Best Award 2015/2016

Planning something special? Want to let us know about an allergy? Just let us know.


Your contact details


The hotel will confirm your booking within 24hrs but if you do not receive confirmation please call the Royal Golf Hotel on 01862 810283.