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Tax status sparks Dragons' Den row
Weeks before filming of the latest series of Dragons' Den commences there has been a major argument between Duncan Bannatyne and James Caan.
Bannatyne has taken issue with Pakistan-born James Caan's non-domiciled resident tax status and has stated that he will not invest with any Dragon that does the show using offshore companies.
The Scot - who has an estimated fortune of £300m - has a company search report that reveals that HB Advisors Limited, Hamilton Bradshaw's sole shareholder, is registered in the Cayman Islands.
"I have already decided it would be difficult to invest with James as Hamilton Bradshaw is owned by a Cayman Island company," said Bannatyne.
"I am not going to invest alongside anyone on Dragons' Den if the money is coming from an offshore company either directly or indirectly. I am not feeding the coffers of the Cayman Islands or British Virgin Islands."
Post Date: April 13th, 2010
Bannatyne has taken issue with Pakistan-born James Caan's non-domiciled resident tax status and has stated that he will not invest with any Dragon that does the show using offshore companies.
The Scot - who has an estimated fortune of £300m - has a company search report that reveals that HB Advisors Limited, Hamilton Bradshaw's sole shareholder, is registered in the Cayman Islands.
"I have already decided it would be difficult to invest with James as Hamilton Bradshaw is owned by a Cayman Island company," said Bannatyne.
"I am not going to invest alongside anyone on Dragons' Den if the money is coming from an offshore company either directly or indirectly. I am not feeding the coffers of the Cayman Islands or British Virgin Islands."
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Post Date: April 13th, 2010
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