Archery1969 wrote: ↑Sun Sep 01, 2024 9:22 am
According to the Sunday Telegraph, its started....
It started some time ago...
"Philip Green is based at a London hotel during the week, spending the weekends with his wife and their children in an apartment in Monaco.
Green assisted his wife Tina Green in the purchase of the Arcadia Group, which owns High Street chains such as Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop/Topman and Wallis in 2002. The company was briefly owned by Green but
sold to Tina Green within 24 hours, with Philip acting as CEO" for tax avoidance purposes...
For some people 1% is too much tax...
I think the Daily T was a big supporter of this tax dodger in chief...
Strangely enough there are some parallels with the privatised water companies:
- both entities extracted profit almost exactly equal to the the amount of debt they took on
- in Greens case about £1bn and water companies its in the 70bn region...