Two new tax havens can be added to those already linked to Lynton Crosby’s business interests, according to documents obtained by Political Scrapbook. Private banks in Guernsey and Jersey were used to incorporate two Maltese entities — Rutland Holdings and Rutland Ltd — in which Crosby and his business associates are shareholders and directors.
Despite his roles with the party of government and extensive consultancy for the domestic private sector, Crosby and the Tories have refused to answer questions put to them over his tax affairs, including:
- Whether he is a non dom
- Whether he is paid a salary or through his company
- Whether he has interests in Maltese companies for any other reason than tax avoidance
A spokesman for the party previously stated:
“Any claim, or attempt to claim, Mr Crosby has attempted to reduce his tax liability in the UK is malicious and libellous and will be treated as such.”
The St Helier branch of ABN Amro was used to bootstrap Rutland Holdings, while Butterfield Bank (Guernsey) assisted in the set up of Rutland Ltd:
While there is no suggestion of illegality, the details of the arrangement come on the same day as Crosby was revealed to have been plotting further NHS privatisation — and is yet another example of the activities of David Cameron’s election guru running counter to the Tories’ professed positions on the NHS, tax avoidance and the tobacco industry.
Unlike American consultants Jim Messina and David Axelrod, who are both doing work for the Tories and Labour respectively, Crosby has a permanent presence in Britain as director and shareholder of numerous UK companies through which he runs his operations.
Rutland Ltd and Rutland Holdings accounts reveal that all cash is held as deposits in foreign banks but no further information is provided as to why these funds are held abroad, or as to which locality they are held in.
Are these the locales in which Lynton and his cobbers are squirrelling away cash?