Cayman in middle of UK Cabinet tax scandal

| 17/10/2010

(Daily Mail): A UK TV channel is embroiled in a row with government over an investigation into the financial affairs of Cabinet Ministers.  The documentary makes allegations about millionaire Ministers including Chancellor George Osborne, Transport Secretary Philip Hammond and International Development Secretary Andrew Mitchell. All three men strongly denied any implication that they had acted improperly by deploying tax-avoiding measures. The Foreign Office entered the row after learning that the report would claim that it had granted special financial treatment to the Cayman Islands – an infamous tax haven – thus indirectly benefiting companies run by Tory Party donors.

The Dispatches programme, timed to coincide with this week’s spending cuts, makes ironic use of the Coalition’s claim that ‘we are all in this together’, before delving into some of the ‘wealth management’ strategies Ministers use to preserve their fortunes.

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