Property News · May 12, 2016

Lycamobile's tax affairs confounding its own auditors


KPMG says it has not been given satisfactory information by telecoms company, which is a huge donor to the ToriesLycamobile, the largest donor to the Conservative party, uses a complex web of offshore and UK companies so opaque that its own auditors can’t account for £134m of assets.The financial affairs of the international telephone calls firm, owned by the Sri Lankan-born tycoon Subaskaran Allirajah, were described as “deeply worrying” by experts who also raised questions about the effect of the firm’s arcane structure on its UK tax bill. Continue reading…

Source : theguardian.com
Read more…Lycamobile’s tax affairs confounding its own auditors

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