Cable snubbed over Green role

first_img whatsapp Thursday 12 August 2010 8:30 pm Share Show Comments ▼ BUSINESS secretary Vince Cable, a vociferous opponent of tax avoidance, was not consulted over the appointment of Sir Philip Green to lead a review into government efficiency, City A.M. has learned. In the past, Sir Philip has been associated with sophisticated tax planning arrangements in the UK and offshore locations to produce tax savings on behalf of non-resident members of his family. Cable, who is one of the government’s lead contacts for the business community, yesterday reacted with surprise on learning that the Top Shop tycoon had been asked to help the coalition root out waste in Whitehall. “There’s a lot I could say on this, but I’d better miss this one out,” he told City A.M. “I’m tempted to comment, but I think I’d better not.” Prime Minister David Cameron has appointed Sir Philip to lead an external efficiency review into government spending. He is being asked to examine government spending over the last three years and to identify potential savings, before reporting his findings to the cabinet office ahead of the comprehensive spending review in the autumn. Francis Maude, minister for the cabinet office, said the coalition was “extremely fortunate” to have Sir Philip on board, thanks to “his commercial experience and… his fantastic track record of managing large organisations”. A spokeswoman for Cable insisted it was perfectly normal for the government to appoint a high profile businessman without consulting the business secretary. “Sir Philip hasn’t been recruited to advise Vince. If they consulted him on every appointment, they’d never get anything done.” But other Whitehall sources said there were “obvious contradictions” due to the Liberal Democrat position on tax avoidance. City A.M. understands that some Lib Dem MPs are considering voicing their opposition to the appointment today. Sir Philip, the tycoon behind Top- shop owner Arcadia, has in the past drawn criticism for his tax arrangements. Arcadia’s biggest shareholder is Taveta Investments, a UK-incorporated company that is controlled by Sir Philip’s wife, a Monaco resident. In 2005, his family saved a significant amount of tax relating to the payment of a £1.14bn dividend through a series of complex arrangements. Yesterday, Sir Philip dismissed questions over his tax arrangements, telling City A.M: “What difference does it make if I live on the moon – the real question is whether I’m qualified to do the job.”Sir Philip was knighted for services to the retail industry in 2006, when the Labour government was in power, and is well-known for donating significant amounts to charity. A spokeswoman for Topshop owner Arcadia said: “It is fully disclosed who Arcadia’s largest shareholder is and has been known in the public domain since 2002. There were no dividends paid last year. The company pays UK corporation tax and Sir Philip Green is a UK tax payer.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd center_img whatsapp Cable snubbed over Green role KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULLlast_img read more