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PHIL MILLER TUESDAY, JULY 23, 2019

Do the know it’ a tax haven? Live

Aid tar o Geldof named in
Mauritian finance leak

Bob Geldof

B OB GELDOF used a tax haven to make money from

business deals across Africa, according to leaked
documents.
OTHR LIKD

The International Consortium of Investigative Journalists

(ICIJ) has obtained a cache of emails from a law firm based in
Mauritius which it says sheds new light on the scale of global
tax evasion.
FRIDAY 20TH SEP 2019
A FMINIT WITH A VIVID LOV OF LIF,
Live Aid founder Mr Geldof is one of the most high-profile GON TOO OON
figures named in the leaked documents.
FRIDAY 20TH SEP 2019
ANGR A ACTIVIT LOCKD FROM
His private equity firm, 8 Miles LLP, has a headquarters on LAOUR PARTY CONFRNC
Mauritius for “tax reasons,” according to one email.
FRIDAY 20TH SEP 2019
JULIAN AANG: JUTIC DNID
The company has stakes in Ethiopian wine, an Egyptian
chemicals manufacturer and Uganda’s leading producer of FRIDAY 20TH SEP 2019
CAPITALIM CANNOT ADDR CLIMAT
chicks. CHANG. W ND A RVOLUTION
Mr Geldof’s business spent thousands of dollars seeking tax- FRIDAY 20TH SEP 2019

planning advice from a law firm, Conyers Dill & Pearman. HOW WORKING-CLA POPL AR
HUT OUT OF POTGRADUAT TUDY
Emails from that law firm have now been leaked and
reportedly show Mr Geldof’s team discussing how to pay less
tax.

An 8 Miles spokesman told the ICIJ that “the companies we

invest in pay all taxes in their home jurisdiction in Africa” and
sale proceeds are paid back into Mauritius only after a
company’s sale.

But Alex Cobham from the Tax Justice Network said: “The
revelations coming out of Mauritius are yet more proof of the
fact that the international rules we have for taxing
multinational corporations and wealthy individuals have been
corroded beyond use.

“Mauritius is the 14th most corrosive corporate tax haven in

the world, as ranked by our Corporate Tax Haven Index,
putting the island on a long list of jurisdictions that have been
left to line their own pockets at the expense of other
governments’ ability to pay teachers’ wages, build hospitals
and ensure a level playing field for local businesses.

“What makes law firm Conyers Dill & Pearman’s deplorable

behaviour more outrageous is that this behaviour is the norm
not the exception — roughly $500 billion is dodged in tax
each year globally by multinational corporations.

“Shutting down one law firm won’t stop dishonest

corporations and individuals from finding another loophole or
shady secrecy jurisdiction to slither into.

“We’re calling for a UN convention that makes sure all

jurisdictions uphold their duty to be tax transparent.”

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ritain' outh protet LATT TORI

EDITORIAL | FRIDAY 20TH SEP 2019
Capitalim cannot addre
climate change. We need a
revolution
Million acro the world
take part in outh-led
climate trike
W O R L D MILLIONS across the world took part in
yesterday’s climate strike, organised by schoolchildren
concerned over the future impact of an environmental
againt environmental chao
BRITAIN | FRIDAY 20TH SEP 2019
Anger a activit locked
from Laour Part
Conference
BRITAIN | FRIDAY 20TH SEP 2019
Government criticied for
exporting urveillance gear
to Gulf dictator, a mir of
Qatar viit Downing treet
SATURDAY 21ST SEP 2019
Reckle Tor cut have
conequence
SATURDAY 21ST SEP 2019
Let’ unite to kick
Johnon out efore
Chritma
SATURDAY 21ST SEP 2019
Onl Corn can ring u
together and rid u of
thi Tor plague
SATURDAY 21ST SEP 2019
Laour need clear
policie, with a eriou
commitment to council
houing at their core
SATURDAY 21ST SEP 2019
An opportunit for the
Laour Part to lead the
wa — to fl the flag for
Paletine
SATURDAY 21ST SEP 2019
Looking to a future free
of U control
SATURDAY 21ST SEP 2019
The union, alongide
the Laour Part, will
help reuild ritain after
nine ear of Tor
auterit

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oon Part Conference change. We need a
revolution

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