The BBC’s Today programme broadcast an apology to Sir Philip Green this morning, following Monday’s interview with David Cameron in which John Humphrys sought to establish what the government meant by the term ‘aggressive tax avoidance’.
Today presenter Evan Davis said: ‘We need to clear up something from earlier this week ... We said that Sir Philip Green had cut his tax bill in the UK by hundreds of millions of pounds by transferring ownership of Arcadia ... to his wife. We’re happy to make it clear that Arcadia was bought by Lady Green in 2002, and because she has not lived in the UK for 15 years no tax was due in this country on any dividends that were paid to her. We apologise for suggesting otherwise.’
The BBC’s Today programme broadcast an apology to Sir Philip Green this morning, following Monday’s interview with David Cameron in which John Humphrys sought to establish what the government meant by the term ‘aggressive tax avoidance’.
Today presenter Evan Davis said: ‘We need to clear up something from earlier this week ... We said that Sir Philip Green had cut his tax bill in the UK by hundreds of millions of pounds by transferring ownership of Arcadia ... to his wife. We’re happy to make it clear that Arcadia was bought by Lady Green in 2002, and because she has not lived in the UK for 15 years no tax was due in this country on any dividends that were paid to her. We apologise for suggesting otherwise.’
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