The Daily MailNew financial watchdog is a tax avoider: Corporate lawyer appointed to police UK's financial system made a 'major mistake' and had to pay back £114,000 to the taxmanhttp://www.dailymail.co.uk/news/article-5414951/New-financial-watchdog-tax-avoider.html
'The man appointed to police Britain’s financial system yesterday admitted using a notorious scheme that helped cut tax bills.
Charles Randell was given the job despite admitting in his Treasury interview that he had been made to pay back £114,000 to the taxman, plus interest.
The scheme he used, Ingenious Film Partners 2, collapsed after an investigation by HMRC.
Grilled by MPs yesterday, the 59-year-old corporate lawyer accepted making a mistake. Spam_A Spam_B Campaigners said Mr Randell’s appointment as the next chairman of the Financial Conduct Authority amounted to ‘self-policing by the financial elite’ – and should be blocked.
Nikki Turner, of the SME Alliance for bank fraud victims, said: ‘If you or I were to try to dodge our taxes for thousands of pounds, sorry wouldn’t be good enough.
‘We need somebody in the post who’s open to seriously trying to resolve the problems with the financial sector.’ Robert Palmer, of Tax Justice UK, added: ‘Charles Randell appears to be someone who is willing to play the system to make himself richer.
‘It can be really tough for someone like that to crack down on abusive banks. This is self-policing by the financial elite.’
The chairman of the FCA is one of the most senior figures in the City.'
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