AssetID: 54471403
Headline: UNCAPTIONED: Abramovich Faces £1bn UK Tax Bill Over Hedge Fund Scandal
Caption: Abramovich Faces £1bn UK Tax Bill Over Hedge Fund Scandal. Sanctioned Russian oligarch Roman Abramovich may owe the UK up to £1 billion after alleged attempts to avoid tax on $6 billion worth of hedge fund investments. Leaked documents reveal the funds were routed through British Virgin Islands companies but managed from the UK, meaning they should have been taxed there. Some of the money traced back to Abramovich reportedly funded Chelsea FC during his ownership. While his lawyers claim he followed expert advice and acted legally, Abramovich denies any knowledge of unpaid tax. Labour MP Joe Powell is urging HM Revenue and Customs to investigate calling it a chance to recover significant funds for public services. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,sanctioned,Russian,oligarch,Roman Abramovich,owe,UK,1 billion,unpaid,taxxes,hedge fund,scanal,billionaire,avoid,attempts,leaked,legal documents,denies,Ownership,Chelsea FC,legal advice,followed
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