Yet again the “party of the worker” doesn’t practice what it preaches. But then, what else should we expect from parasites? Here is New Labour’s last tax evasion: http://eotp.org/tag/tax-evasion/
A property company run by the Labour Party has paid no tax in eight years, despite earning millions of pounds in rental revenues, the Daily Telegraph can reveal.
Labour Party Properties Limited (LPPL), which owns a £6.3m portfolio of properties, has paid no corporation tax since 2003.
In those eight years the company has received a total of £8.7m in rents but declared losses of £279,000.
A Labour Party spokesman said the firm had done nothing to intentionally cut its tax bill.
Ed Miliband has repeatedly accused multi-national companies such as Starbucks and Google of failing to pay their full share of tax.
The latest accounts show LPPL, which is wholly owned by the Labour Party and whose directors include Iain McNicol, the Labour Party general secretary, received £1,189,000 in rent from 21 properties in 2011. Around forty per cent of the portfolio, worth £2.5m, is rented on the open market, while the other buildings are leased to local parties as offices and social clubs.