Tony Blair used secret fund to manage his million pounds fortune or empire.
Ex-Prime Minister used an interest-in-possession (IIP) trust, and never disclosed it. It was used for payments for his consultancy projects. His work also included controversial regimes.
The trusts does not have to file an account and can offer significant tax advantages. It also could pass the wealth on to children tax free.
They do always arrange everything for their advantages and it is perfectly legal and the public gets hunted for every penny.
Mr Blair's lawyers refuse to state the reason for having such trusts and pointed out that Mr Blair does not have any tax advantages.
MPs since it emerged that were demanding an investigation two consultants hired by Mr Blair's lawyers contacted Dave Hartnell, head of Revenue and Customs. The Times reported that after Mr Blair left office in 2007, two of his advisers discussed with HMRC officials how the fund will be treated for tax purposes.
Here comes the whitewash. A spokesperson for Mr Blair said: "Tony Blair did not set up this structure for reasons of tax advantages. He has paid full UK tax on all his earnings.
"He specific instructed the accountants who set up the structure that there was to be no tax advantages or avoidance through it. Neither did he receive any specific 'privileges' from the tax authorities.
At the beginning of the year The Telegraph disclosed how a firm set up by Mr Blair to manage his business interests trebled its profits last year. He rewarded the staff with an average by an increase of more than £30,000.
The account WINDRUSH VENTURE Ltd one of the companies that co-ordinates his commercial affairs has had its most successful year yet. The turnover rose by a third to £19.4million while profits trebled to £2.6million.
The average staff salary increased by o£30,000 to £100,000.
The shareholdres' funds of Windrush, Firerush and several other group of companies in Mr Blair empire was almost £10million. Mr Blair is the sole owner of firms.
As the Telegraph investigation revealed Mr Blair has a network of some of the world's most influential leaders and businessmen of clients paying tens of millions of pounds for his advice.
Further disclosure by the Telegraph tells of private jets, five star hotels and police guards paid by the taxpayers.
The numbers of Tony Blair's journeys were revealed in the secret documents which proves that taxpayers footing a bill of £16,000 per week.
Tony Blair travels round the world with a squad of bodyguards in private jets and staying in luxury hotels. He uses the trips for private business meetings and at the same time as Quartet Representative to ME which is a matter of conflict of interest.
People already suspected that Mr Blair was not fully committed to the post of an UN Envoy of the Middle East because at the crisis of Gaza, Syria and others he was hardly been seen at meetings or never. Especially during the bombing of Gaza Mr Blair did not lift a finger to stop Israel.
Due to the illegal invasion of Iraq the UK taxpayers are paying £20million to the Iraqi people which definitely Mr Blair should pay and apparently can pay but it is again the hard-up taxpayers footing the bill.
The Telegraph
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