hockey adviser caught up in tax minimising

Hockey adviser caught up in tax minimising

Hedge fund boss Sir Michael Hintze is connected to the British Conservative Party. Last year he approved the repayment of nearly $43 million in a settlement with the British tax office after companies in his CQS group used ''employee benefit trusts'' that ran foul of authorities.

Sir Michael has a reported personal wealth of $1.8 billion. His financial empire, elements of which have also utilised tax havens such as the Channel Islands and the Cayman Islands, reportedly generated $154 million in 2011, but paid an apparently modest $55,000 in corporation tax.

Sir Michael is one of four international business leaders appointed by Mr Hockey in March to provide additional advice to the federal government's financial system inquiry. He is recognised for his philanthropic activities, but the revelations of his company's tax affairs raise questions as to the appropriateness of engaging advisers who have been involved in tax minimisation behaviour overseas.

Read more: http://www.smh.com.au/federal-politics/political-news/companies-owned-by-sir-michael-hintze-adviser-to-federal-government-repay-millions-in-deal-with-british-tax-office-20140523-38uej.html#ixzz32aDLoExK



Maybe this guy can teach the foriegn miners how to pay even less tax,if that were possible,it would seem if anyone can he can.

Just why an Australian Treasurer would want this guy aiding the country beggars belief.

Tony Abbott attacks corporations' avoidance of tax by global profit shifting

Read more: http://www.smh.com.au/federal-politics/political-news/tony-abbott-attacks-corporations-avoidance-of-tax-by-global-profit-shifting-20140124-31ecg.html#ixzz32aCcm9NH

Raider



In the land of the blind,the one eyed man is King.