Business Secretary Sajid Javid had made his fortune in banking before he became an MP in 2010. His family backstory is inspirational: his family lost everything in the partition of India, his father came to the UK in 1961 with Very Little Money, battling racial prejudice just to become a bus driver, he was the first of his family to attend University, and his parents’ work ethic seemingly drove him in his own chosen career.
“The new business secretary Sajid Javid faces an unwelcome reminder of his past as a highly paid investment banker when a court case involving an offshore tax avoidance scheme comes to court later this year … Javid, 45, was a senior executive at Deutsche Bank in 2003 when the German lender devised a complex scheme to cut tax on bonus payments to high-flyers”. “Later this year” - so why splash on it now?
This is from The Slog website:
"For later this year, an HMRC case involving offshore tax avoidance schemes (from which Javid benefitted massively) comes to court. First time around, the Deutsche scam was successfully challenged by HMRC at various tribunals."
"So then, “Once I’m inside the Rich List Club, I shall be firmly locking the door behind me.”
Do those who benefitted from artificial tax schemes in the past have a moral duty to repay it if they become Government Ministers supposedly now seriously trying to cut down on tax avoiders. Or are they just out to keep their advantage over the Joneses or the plebs who cannot afford such schemes?
Two reasons why a Murdoch paper might be interested in damaging Javid's career spring to mind.
1. He's moderately in favour of the EU according to his Wikipedia page and theyworkforyou.com - With a referendum on Britain's continued membership of the EU coming soon, it makes sense that Creepy Uncle Rupe might want to start dishing some dirt on those on the Right who would like us to stay in
2. He's a rising star in the Conservative Party, and a possible future contender for leader, making him a rival to a certain B. Johnson, who it happens as one of his many jobs, works for the aforementioned Creepy Uncle Rupe
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