Celebrities saved millions using tax breaks from shipwreck salvage

Tax evasion

By Alexi Mostrous - The Times

Celebrities and some of Britain’s most senior businessmen invested more than £110 million into marine treasure hunts, which allowed them to avoid tax on millions of pounds, The Times has learnt.

Bear Grylls, the TV adventurer and Chief Scout, David Harding, the City’s highest earner, and Stephen and Julie Pankhurst, the co-founders of website Friends Reunited, are among 129 people who invested in 18 shipwreck salvage companies offering tax breaks now under investigations by HM Revenue & Customs...

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