Daily Mail Online

The Daily Mail today cheers Theresa May for taking on tax-avoiding companies, but remarkably avoids mentioning another prominent firm.

It reports:

Mrs May identified a list of her prime targets. It covered energy firms, fat-cat bosses and tax-avoiding corporations such as Google.

The firms were exposed in recent years for paying little or no corporation tax, often after reaching sweetheart deals with the HMRC.

Yes, companies such as Google.

And …err … Daily Mail and General Trust PLC, publishers of ….umm … the Daily Mail.

Daily Mail tax avoidance

DMGT were estimated to achieve ‘tax efficiencies’ of £139m over just one five year period, according to independent analysis by Tax Research.

The paper’s owner, Lord Rothermere, uses a byzantine network of international companies and trusts to avoid paying his fair share of tax.

Last year, Private Eye magazine reported on its owners own dealings:

For a man whose newspapers love Britain so much, the 4th Viscount Rothermere is remarkably enamoured of the world’s tax havens as shelters for his enormous riches.

Since 1995, three years before the Hon Jonathan Harmsworth (as he then was) inherited the Daily Mail & General Trust plc empire from his father, the 3rd Viscount, the group has been controlled through a company, Rothermere Continuation Ltd, registered in Bermuda but run from Jersey (one offshore specialist told the Eye that companies registered in Britain’s Caribbean overseas territories have the advantage of being “very portable”).

Odd isn’t it? No mention of any of that by the Daily Mail.

We wonder if the Mail will now support the HMRC getting more money to go after tax-avoiders too

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