LONDON: Formula One champion Lewis Hamilton (pic) avoided paying taxes on his private jet using an elaborate scheme now under investigation by British tax authorities, new leaked documents revealed on Monday (Nov 6). The revelations are the latest to emerge from the so-called Paradise Papers, released by the US-based International Consortium of Investigative Journalists (ICIJ). There is also no indication Hamilton was directly involved in creating the scheme, and simply followed professional advice, the Guardian said. “All our advice, whether in planning or compliance, is based on our knowledge of tax law and providing transparency to tax authorities,” it added in a statement. Its government announced on Oct 24 it had asked Britain’s finance ministry to help investigate business jet imports into the EU through its territory.

Source: The Star November 07, 2017 00:45 UTC