I thought he was supposed to be a national treasure?
From The Mirror:
Gary Barlow and two other Take That stars face having to pay back tens of millions of pounds in tax after a court ruled they were part of a massive tax avoidance scheme.
The singer-songwriter, Howard Donald, Mark Owen and manager Jonathan Wild poured £66million into two partnerships styled as music-industry investment schemes.
But the ventures were artificial tax shelters for the super-rich which allowed the musicians to avoid tax on about £63million from world tours and CD sales.
The Take That members are likely to be ordered to repay more than £20million to HM Revenue & Customs.
Tax judge Colin Bishopp rejected arguments that more than 50 partnerships, set up by a company called Icebreaker Management, had been set up for commercial purposes.
He said: “Icebreaker is, and was known and understood by all concerned to be, a tax avoidance scheme.
“The aim was to secure [tax] relief for members, and to inflate the scale of the relief by unnecessary borrowing.”
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AIBU?
to be a bit pissed off that Gary Barlow has been involved in tax avoidance?
119 replies
grovel · 10/05/2014 12:49
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