Morally Repugnant: UK Chancellor’s Family Firm Paid No Tax for Seven Years

‘The UK government’s purported crackdown on tax evasion has been embroiled in another credibility crisis, after research revealed that the family company of Chancellor George Osborne has not paid corporation tax in seven years.

According to analysis from the Sunday Times newspaper, the Osborne family’s wallpaper business, Osborne & Little Group Ltd, paid out dividends totalling US$485,000 (£335,000) to stakeholders in 2014, despite not paying UK corporation tax since 2008.

The chancellor was among those stakeholders, receiving a payout of US$1,780 (£1,230), while Osborne’s parents, Sir Peter and Lady Felicity Osborne, reportedly received dividend payouts of more than US$390,000 (£270,000).’

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