#Zahawi update: his lawyers have written to me, denying that HMRC investigated him under COP 9, the procedure for investigating fraud. Since they are in such a helpful mood, I'm optimistic they'll answer some further questions. Full correspondence below:
My email:
The Osborne Clarke reply:
And my response:
I have updated my list of Zahawi questions to reflect the COP 9 answer.
Obvious addition: anyone thinking of sending abusive messages to Ashley should ask themselves some pretty fundamental questions.
I publish Ashley’s name because I believe lawyers engaging in SLAPP should be accountable, to the public and to their other clients.
A response from Zahawi's lawyer:
The last time Ashley suggested I contact Zahawi's press officer, it did not go well:
But I am hopeful this time is different, so:
You can bookmark this thread to catch the reply.
But I probably wouldn't bother.
I'm delighted to say I received a response to my questions. The response says that Mr Zahawi is not going to answer any questions:
Starmer is correct. We can't tax our way to growth.
But we can *tax reform* our way to growth. Some ideas:
1. Corporation tax simplification. The UK corporate tax system is currently less competitive than Italy or Greece, never mind Sweden and Denmark. ft.com/content/9a9515…
2. Eliminate crazy high income tax marginal rates. When people face marginal tax rates of 60%+, they often choose not to work. Sometimes our tax system creates marginal rates of over 100%. taxpolicy.org.uk/2024/10/17/ref…
The post-war tax rates were, to modern eyes, amazing.
In 1978 they hit 83% on employment income and 98% on investment income. These rates applied to incomes over £24,000; in today's money, around £120,000. We're not talking oligarchs.
The background: last year, an R&D tax firm called ZLX became a laughing stock in the tax world. They'd advised a fruit and vegetable wholesaler that they could claim £30,000 in research and development tax relief on the installation of a fridge. taxpolicy.org.uk/2025/04/06/unt…
Compelling article in yesterday's Telegraph on Frankie Dettori's fight to keep his tax avoidance secret. Not paywalled - recommended for anyone interested in tax/tax avoidance/horses
& I'm publishing below all the legal documents from Dettori's attempt to stay anonymous
Today might be the day Donald Trump slaps tariffs on UK goods — because he thinks VAT is a tariff. Yes, he's wrong. But the reason *why* he's wrong is surprisingly deep.
So here's a 🧵 on the nerdy detail of VAT: via beer, Jaffa Cakes and an economic theorem from 1936.
Obviously I'm really here to promote my new Radio 4 series, Untaxing. The episode on Jaffa Cake airs at 1.45pm today.