Take That 'Invest £26 Million In Scheme Designed To Avoid Paying Tax'

Three members of Take That have invested £26 million in a scheme allegedly designed to avoid tax, it has been reported.

Take That 'Invest £26 Million In Scheme Designed To Avoid Paying Tax'
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Three members of Take That have invested £26 million in a scheme allegedly designed to avoid tax, it has been reported. Gary Barlow, Mark Owen and Howard Donald, along with their manager Jonathan Wild, are reportedly among 1,000 wealthy figures who have invested around £480 million in a scheme, described as a "tax shelter". The scheme, which is overseen by a firm called Icebreaker Management Services, is currently being investigated by Her Majesty's Revenue & Customs (HMRC), who have told The Times that they are actively looking to close the scheme down. HMRC have set up a hearing to evaluate the scheme at a legal tribunal in November and, if successful, all those involved in the scheme could potentially be forced to pay back millions of pounds in tax. There is no suggestion that Barlow, Owen and Donald have done anything illegal, with their lawyers telling The Times that they are convinced that the investments were legitimate enterprises and not tax avoidance schemes, and said that they all pay "significant tax". It was also reported that neither Robbie Williams nor Jason Orange are involved in the investments in any way. Thanks for the report to Nme.com.

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    Nitronimor
    Could their taxes really total more than 32.5M USD!? Somehow, I get the feeling it would have been cheaper to just pay your ****ING TAXES.
    Maybe rich people just get off on f***ing over the government.
    Minivirus2
    Three members of Take That have invested 26 million in a scheme allegedly designed to avoid tax
    are reportedly among 1,000 wealthy figures who have invested around 480 million in a scheme, described as a "tax shelter"
    Could their taxes really total more than 32.5M USD!? Somehow, I get the feeling it would have been cheaper to just pay your ****ING TAXES .
    chedsorr
    Just greedy bastards man. All it does is screw over the people who actually pay their taxes cuz we have to pay things like police, fire fighters and the NHS and people like them ruin it by not paying their way when they're multi millionaires and they can actually afford to pay taxes and not have it hurt them like people with much less money. I dont comment here much but this just annoys the hell out of me. (sorry for the run on sentence)
    jurnag12
    Minivirus2 wrote: Three members of Take That have invested 26 million in a scheme allegedly designed to avoid tax are reportedly among 1,000 wealthy figures who have invested around 480 million in a scheme, described as a "tax shelter" Could their taxes really total more than 32.5M USD!? Somehow, I get the feeling it would have been cheaper to just pay your ****ING TAXES.
    Eh, it's probably like programmers spending hours making shortcuts for things that only take a few seconds. Only now with *****s who've got too much money.