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Former UK Chancellor agrees to pay millions in tax on offshore holdings

News Team, 16/01/2023

Former UK Chancellor Nadhim Zahawi has agreed to pay millions in tax over his use of an offshore company to hold shares in the polling firm YouGov, according to reports. 

The shares were held through Balshore Investments - a Gibraltar-registered family trust.

The stake in YouGov was worth more than £20 million and was sold by 2018, with the proceeds transferred to an unknown recipient.

Tax Policy Associates, a thinktank, has estimated that Balshoreâ...


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