Ms Botín\’s father, Emilio Botín, the chairman of Spanish banking group Santander, was yesterday named along with his brother as part of an investigation into allegations of tax evasion…….
How, but, Spain\’s a democracy! Taxes are determined by the peoples\’ representatives!
Mr Botín and his brother Jamie, along with all their 10 children, including Ms Botín, are being investigated over an account set up by Mr Botín\’s late father, also called Emilio, with HSBC Switzerland.
The Botín family have already paid €200m (£176m) to settle the outstanding tax on the trust, which was set up by Emilio Botín senior in December 1936, after he left Spain to move to London because of the Spanish civil war.
Hmm, what\’s that? You mean there are times and places when offshore, secrecy, are justifiable?
Like, when, say the choice is between the Stalin backed revolutionary goons of the People\’s Republic and the Fascists of Franco\’s Army?
What they\’ve not declared in the interim is one thing, but would the likes of Ritchie of Mr. Shaxson like to claim that it was immoral, tax abuse, to try and protect the family fortune in this manner in hte first place?
In which case, if it is OK to hide the cash when your country is over run by murderous thugs, haven\’t we just said that offshore can and should be allowed to exist? Secretly?