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|  | Djanogly - Open season on tax avoidance?
« Thread Started on Jun 20, 2012, 10:06pm » | |
David Cameron declares war on Jimmy Carr over offshore tax avoidance
'Morally wrong' says Cameron - but will he be looking at his own millionaire ministers?
Tough talking Cameron makes it clear that it is morally wrong for comedian Jimmy Carr to take advantage of legal loopholes which amount to tax avoidance as money is taken offshore where minimal tax is paid depriving the UK of millions if not billions of pounds in lost revenue. The media are reporting that it could create an 'open season' on wealthy individuals in the UK who adapt complex measures to avoid having their wealth swallowed up in taxation owing to the cash starved UK revenue receipts.
Cameron's actions will be all the more credible if he extends an invitation for some of his own millionaire front bench to have their own offshore tax affairs thoroughly investigated. Amongst the wealthiest of ministers is the Right Honourable MP and Parliamentary Under Secretary for Legal Aid & Courts for Huntingdon Jonathon Djanogly who already has come in for his fair share of criticism.
![[image]](http://www.legalcheek.com/wp-content/uploads/2012/04/Jonathan-D.jpg "[image]")
Jonathon Djanogly MP
Djanogly infuriated legal aid campaigners earlier this year when he laughed off a serious debate over the plight of cancer victims seeking legal redress in asbestos victim related compensation claims, have a read of the his sheer 'legal cheek' as Djanogly 'giggled & grinned' throughout the otherwise sombre debate. It isn't the first time Djanogly has found himself amidst controversy; he received a fair amount of attention over his parliamentary expenses, perhaps he's not too keen on the public eye - hence his £5,000 claim for some security gates around his Huntingdon home; the bill footed by the tax paper. He also got caught up in further scandal over calling in private eyes to spy on local party members, it was an action which had the justice minister being urged to 'step aside' by other government ministers. Djanogly seems to be able to survive all that is thrown at him, his role in the passage of the legal aid bill was rocked by accusations of undeclared interests & conflict of interests in claims management firms . Shortly afterwards attention was turned to how Djanogly may just have been a little too close to the British Insurance Association ; an industry to which the Djanogly family has a vested interest. The ilegal network were instrumental in exposing some of these parliamentary 'oversights'. Amongst Djanogly's declared interests the past has been the offshore firm Oakley Capital Investments (Bermuda) - see below. A closer look reveals how international law firm SJ Berwin were legal advisers to the firm and his father Sir Harry Djanogly being on the advisory committee. Djanogly used to be a partner in London based SJ Berwin. A more recent look at Oakley Capital Investments shows SJ Berwin and Sir Harry to no longer be named in their public documents. The question Mr Cameron should be asking his minister is why the need for an offshore account?
More below...
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nickd
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| | Re: Djanogly - Open season on tax avoidance?
« Reply #1 on Jun 20, 2012, 10:08pm » | |
![[image]](http://www.oakleycapitalinvestments.com/content/images/img_banner_maldive_1.jpg "[image]")
OAKLEY CAPITAL INVESTMENTS LIMITED (Bermuda) Offshore accounts declared by Justice Minister
Legal Advisers to the Company as to English Law
SJ Berwin LLP
10 Queen Street Place
London
EC4R 1BE
United Kingdom
“Advisory Committee” the advisory committee of the Investment Adviser, being, at the date of
this document, Sir Harry Djanogly and Lord Wolfson of Marylebone;
http://www.tipsheets.co.uk/OakleyAdmission.pdf
Welcome to Oakley Capital Investments Limited
Oakley Capital Investments Limited ("OCI" or the "Company") is a Bermudian based company listed on AIM. OCI seeks to provide investors with long term capital appreciation, through its investment in Oakley Capital Private Equity L.P. ("OCPE” or the “Fund") and over time, through co-investment opportunities.
The information contained on this website is disclosed for the purposes of AIM Rule 26. This information was last updated on 8 April 2011.
http://www.oakleycapitalinvestments.com/
Sir Harry Djanogly
http://investing.businessweek.com/resear....1678&ticker=CPR:LN&previousCapId=35987459&previousTitle=OAKLEY%20CAPITAL%20INVESTMENTS
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nickd
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| | Re: Djanogly - Open season on tax avoidance?
« Reply #2 on Jun 20, 2012, 10:08pm » | |
Djanogly's declared interests...
![[image]](http://www.jonathandjanogly.com/files/images/jonathan_djanogly_david_cameron2.jpg "[image]")
DJANOGLY, Jonathan (Huntingdon)
2. Remunerated employment, office, profession etc
Membership of Lloyds (resigned 31 December 2006).
4. Sponsorship or financial or material support
S. J. Berwin LLP seconded trainee solicitors consecutively, up to four times a year, to carry out research for me (maximum annual value: £41,500). This support ended in February 2010.
Name of donor: S. J. Berwin LLP
Address of donor: 10 Queen St Place, London EC4R 1BE
Amount of donation or nature and value if donation in kind: £27,666.67, representing the value of three trainee solicitors seconded to me during the period 1 July 2009-26 February 2010.
Date of receipt: 1 July 2009
Date of acceptance: 1 July 2009
Donor status: limited liability partnership
(Registered 28 January 2010)
8. Land and Property
Woodland in Dumfriesshire.
9. Registrable shareholdings
(b) Barclays PLC; banks
Carpetright PLC; general retailers
HSBC Holdings PLC; banks
Lloyds TSB Group PLC; banks
Next PLC; retailers
Tesco PLC; food retailers
WPP Group PLC; media and photography
Amlin plc; insurance
De la Rue plc; printers
Imperial Tobacco; tobacco
Oakley Capital Investment Ltd; financial
Royal Dutch Shell plc; oil and gas
Vodafone plc; communications
Derwent London plc; property
Diageo plc, beverages
Invesco plc; investment trusts
11. Miscellaneous
Minority partner in The Djanogly Family LLP (member of Lloyd’s).
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