PM: Not necessary for Barlow to return OBE over tax row
It is "not necessary" for Gary Barlow to return his OBE despite his involvement in a tax avoidance scheme, Prime Minister David Cameron has said.
It is "not necessary" for Gary Barlow to return his OBE despite his involvement in a tax avoidance scheme, Prime Minister David Cameron has said.
Take That's Gary Barlow, Howard Donald and Mark Owen have today refused to comment on reports that they face having to pay tens of millions of pounds in tax after a court ruling.
The three band members invested at least £26 million into two-partnerships styled as music-industry investment schemes, The Times reported, but yesterday Judge Colin Bishopp ruled that 51 partnerships set up by Icebreaker Management were used for tax avoidance purposes.
In his ruling, the judge said: "The Icebreaker scheme is, and was known and understood by all concerned to be, a tax avoidance scheme."
Take That's lawyers insisted the bandmates believed the investments, which were made in 2012, were legitimate enterprises and that all four named paid "significant tax", according to reports.
There has been no suggestion that fellow Take That bandmates Jason Orange and Robbie Williams were involved in the scheme.
A spokesman for Take That said today there was no comment from Barlow, Donald or Owen.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.