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    Re: Any legs on this wrt Guardia Scott Trus and media group ? Archived Message

    Posted by Raskolnikov on November 18, 2020, 7:04 am, in reply to "Any legs on this wrt Guardia Scott Trus and media group ?"

    https://www.theguardian.com/help/insideguardian/2008/mar/06/isgoingoffshoregoingoffme

    This seems to be what he's talking about although this is from 2008; perhaps something else has gone on since then.

    These are the paragraphs mentioned in the linked article:

    Guardian Media Group plc, parent company of the Guardian, in partnership with Apax Partners, has incorporated a new company registered in the Cayman Islands as part of its proposed acquisition of Emap plc. The sale of Emap plc is due to complete later this month.

    A spokesman for GMG said: "The tax arrangements of Apax Partners and GMG for the acquisition of Emap plc are completely legitimate, and are based on accepted practice and the recommendations of our advisers. This is not about GMG avoiding tax - indeed we have paid an average of 34% tax over the last five years.

    "The purchase of Emap plc is structured as a UK Scheme of Arrangement which, as has long been accepted by HM Revenue and Customs, does not attract stamp duty on acquisitions. The new company will pay its full UK corporation tax."

    From a very brief reading of that, it looks like Saker is applying a broad brush to a quite specific action, but then the explanation is in, and from, the fraudian so it's probably bullshit

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