Andrea Leadsom arrives for her campaign launch in which she criticised bumper payouts to bosses Ben Cawthra/LNPA company run by Andrea Leadsom’s husband and owned by her brother-in-law used a controversial potential tax-avoidance vehicle described by George Osborne as “morally repugnant”. Last night a spokesman for Mrs Leadsom said that she had not… The taxman has clamped down on the use of EBTs since December 2010 amid concerns that they were being abused by high-earning employees to avoid tax. Gloucester Research Limited, which has donated more than £70,000 to the Tory leadership contender and a further £400,000 to the Conservative Party, used an employee benefit trust (EBT) for at least five years between 2007 and 2011.

Source: The Times July 04, 2016 23:02 UTC