Lord Cashcroft

Biggles and his Co-Pilot

Conservative donor and deputy chairman Lord Ashcroft has admitted he does not pay UK tax on earnings outside Britain. His statement ends years of questions from opponents about whether he was "non-domiciled" in the UK for tax. He said he agreed with Tory leader David Cameron's call for anyone in the Lords to be "resident and domiciled".

Labour's Jack Straw accused the Tories of "concealing the truth" for 10 years. The Lib Dems said the Tories had been "bought like a banana republic". BBC political editor Nick Robinson said the 63-year-old, who is estimated to be worth £1.1bn by the Sunday Times Rich List, was one of the biggest ever donors to a political party and was at the centre of the Conservatives' election campaign.


Lord Ashcroft of Tax Exile in the County of Belize

Lord Cashcroft is in a long tradition of Great British Patriots who are too patriotic to pay taxes, such as "Union" Jack Hayward who bankrolled the Tories from the Bahamas! Why do we stand for this nonsense? Have a British Passport or live in Britain, pay British Taxes on your worldwide income, period. That's the way it is in the Good 'Ol U. S of A where you are liable to US Federal Income Tax no matter where you live once you have a US passport. This is why there is no such thing as an American Tax Exile. Who does the Great British legal nonsense of "Domiciled", "Ordinarily Domiciled”, "Resident" and "Resident but non-Domiciled" suit? Certainly not those who earn their living (and pay taxes) on the fruits of honest labour?

Lord Ashcroft was initially rejected for a peerage in 1999 by the Political Honours Scrutiny Committee on the grounds that he spent most of his time abroad in Belize and Florida and conducted almost all of his financial matters overseas. His company Bearwood Corporate Services Limited has been the largest single contributor to the Tories since 2005, although his millions make up less than 5% of their total donations. For a company to make a donation it must be trading in the UK and in February 2009, the Electoral Commission launched a formal investigation to determine whether this was the case.

Information Commissioner Christopher Graham has called for the full details of Lord Ashcroft's status to be made public and criticised "evasive and obfuscatory" replies given by senior politicians on the subject. Ashcroft is the Tory Deputy Chairman and maintains a “private” office at Conservative HQ and he personally bankrolls a campaign to unseat the Labour / Lib-Dem incumbent in 186 target constituencies.
To go back to the American example, there he wouldn’t be allowed make political contributions and would be treated under American Law as “An agent of a Foreign Power.”


Cameron Air

One aspect of Lord Cashcroft’s influence over the Tories is his splendid bankrolling of Cameron Air. Dave “Vote Blue to get Green” Cameron and his chaps travel in style: they go in ‘Lord’ Ashcroft’s Falcon jet ($30 million second hand). Altogether shadow cabinet ministers and aides have flown 184,000 miles on the Ashcroft jet over the last five years with Andrew Mitchell, the shadow international development secretary, flying 65,453 miles and shadow foreign secretary William Hague flying 49,670 miles. It would be churlish to complain about all this privileged transport, given P.R. Dave’s understandable pride in his privileged background.

http://daithaic.blogspot.com/2008/09/we-will-fight-them-selfridges.html