Posts Tagged ‘administrative costs’

Tony Blair has income of £12 million, spends £8 million on administration but pays only £300,000 tax

January 8, 2012

I am not Tony Blair’s greatest fan and don’t have very high expectations of him. Nevertheless, the manner in which he cashes in on his former position is breathtaking! Personal ethics are clearly unknown to him.

Paying 2.5% of his income as tax is a pretty impressive case of tax avoidance (which is probably perfectly legal and not tax evasion). But it makes him a parasite. Some parasites are useful but he is not one of them.

The Telegraph:

Former Prime Minister Tony Blair channelled millions of pounds through a complicated web of companies and paid just a fraction in tax

Official accounts show a company set up by Mr Blair to manage his business affairs paid just £315,000 in tax last year on an income of more than £12 million. In that time, he employed 26 staff and paid them total wages of almost £2.3 million. ….

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