Ken Livingstone denies tax evasion allegations...

Quote of the day: 'I am not offshore. I am running a small company, just like hundreds of thousands of people. It's a smear campaign currently being run.' Mayoral candidate Ken Livingstone has had a rather irksome weekend. A national newspaper has revealed that his earnings (from broadcasting, speaking engagements etc) are funneled into a holding company, Silveta. This effectively bypasses the 59% income tax rate, plumping for 20% corporation tax instead. Livingstone has been left red-faced over the fiasco, given his former comments on taxation: '[We should] sweep away tax scams and everybody should pay tax at the same rate on earnings and other income.'

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013
And Red Ken's defence? To tar rival Boris Johnson with the same brush, of course: 'The simple fact is, and the hypocrisy of all this, is Boris Johnson has exactly the same arrangements to handle his earnings from television. Almost everybody in the media, who is not employed directly, has exactly the same arrangements,' he blustered.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Is it favouritism to protect an employee no one likes?

The Dominic Cummings affair shows the dangers of double standards, but it’s also true that...

Masterclass: Communicating in a crisis

In this video, Moneypenny CEO Joanna Swash and Hill+Knowlton Strategies UK CEO Simon Whitehead discuss...

Remote working is no substitute for a good office

EKM's CEO Antony Chesworth has had no problems working from home, but he has no...

5 rules for work-at-home productivity

And how to focus when focusing feels impossible.

Scandal management lessons from Dominic Cummings

The PR industry offers its take on the PM’s svengali.

Why emails cause conflict

And what you can do about it.