We are immensely proud to announce that the Co-operative Group is the latest recipient of a Fair Tax Mark.
And their pledge:
The Group does not and will not use tax havens for tax avoidance purposes.
And in their list of subsidiaries:
Violet S Propco Limited Cayman Island Walkers SPV
House 87 Mary
Clearly, use of an SPV in a tax haven is not evidence of using tax havens for tax avoidance purposes. Which rather blows Ritchie’s insistence that that’s the only reason to have one out of the water, doesn’t it?
Not that my comment on this will get through moderation of course.