Celebs exposed in £1.2bn tax avoidance scheme

The Liberty tax strategy enabled investors to escape income tax by paying 7p in the pound in fees and was based out of jersey. According to a report in the Times, Robinson paid £280,000 to use the Jersey-based scheme to avoid tax on about £4m. Meanwhile, Take That members Gary Barlow, Howard Donald and Mark Owen are understood by the paper to have sought to avoid tax on £6.5m through the scheme. It was based on the buying and selling of dividends offshore, generating more than £1bn in artificial losses, which members could offset against their own tax bills. It came to the atten...