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Ashcroft estimated to have saved £127m in tax says Huhne4.16.00pm GMT Sun 7th Mar 2010
Liberal Democrat research estimates Lord Ashcroft's annual tax saving to be £12.76m. He has been a member of the House of Lords for a decade. Thus he will have saved some £127million since he entered the Lords. Commenting, Liberal Democrat Shadow Home Secretary, Chris Huhne said: "Anyone who wants to pass laws in this country should pay this country's full taxes and not hide behind the special offshore status of non-doms. Non-doms have to tell the taxman that their first allegiance is to another country. No-one should be a British lawmaker whose first allegiance is not to Britain. On even the most conservative estimates, Lord Ashcroft has avoided vast amounts of British tax by deploying the non-dom tax dodge. If he challenges our estimate of how much tax he has dodged, then there is a simple solution: publish the figure."
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