nigel_bree
5 hours ago
Interesting. Both timely, given the recent discovery of the massive failure to disclose the asset hiding in his family trust by Carl Bates, yet also rendered less pertinent because of it - in reality a wide swathe, and possibly a majority of government ministers now are routinely not disclosing substantial gifts at all, let alone other forms of what are indisputably corrupt transactions.
The use of trust structures for tax efficiency is one thing, but they are so opaque they largely make a mockery of disclosure both because the size of the trust's asset base is opaque and often the trustee structures are pure paper fictions. It's still good to have this though, well done you.