Andrea Leadsom received £70,000 donation from family firm in tax haven
Andrea Leadsom, a high-flying Treasury minister, received more than £70,000 from a family business, the parent company of which is controlled out of the Virgin Islands tax haven.
The payments, which appear to be within the letter of the rules for political donations, have been criticised because of the contrast with the Treasury’s stated aim of combating tax avoidance by chanelling money through off-shore firms.
Entries in back numbers of the MPs’ Register of Members’ Interest, which have since been removed from the current Register, show that in 2010 and 2011 Ms Leadsom received a series of payments varying from £5,000 to £20,000 from a firm called Gloucester Research, which later changed its name to GR Software and Research.
The money was used to pay the salaries of staff in Ms Leadsom’s Westminster office after her election in 2010 as MP for South Northamptonshire.
Gloucester Research was a London-based firm, which meant that the donations conformed to a strict rule banning political donations from abroad.
But what the Register did not reveal is that Gloucester Research was owned by Pans (UK) Holdings, based in the secretive offshore haven. Both are among a host of companies controlled by Ms Leadsom’s sister’s husband, Peter de Putron. It emerged last week that Guernsey-based Mr de Putron had made donations of £816,000 to the Conservative party, also through GR.
As well as Mr de Putron, Ms Leadsom’s husband Ben Leadsom is a director of GR Software & Research.
The Labour MP Tom Watson said: “These very large donations might be within the rules, but it certainly isn’t right that a Treasury minister has been taking money in this way. Most reasonable people will see this as completely unreasonable.”
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http://www.independent.co.uk/news/uk/politics/andrea-leadsom-received-70000-donation-from-family-firm-in-tax-haven-9603559.html