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Mr Osbourne holds 6,833 shares in the family firm which makes hand printed wallpaper and was paid £1230 from the annual dividend while his parents were entitled to £270,000.
The company which employs 195 people at its London head quarters brought in £34m in revenues in 2015 - but made just £722,000 profit which was shared between directors.
The company has not paid any UK corporation tax since 2008 partly because it has rolled over losses from previous years and has deferred tax payments.
The disclosure of the payment of the dividends despite avoiding corporation tax is embarrassing for the chancellor. He made a crackdown on “morally repugnant” tax avoidance a key part of his 2012 budget speech.
originally posted by: Witness2008
I wonder what our masters would do if we just all stopped cooperating.
originally posted by: gortex
When you're the chancellor of the exchequer tasked with handing down fiscal pain to your populace and chasing company's for unpaid tax you really should make sure your own house is in order before launching your righteous campaigns , unfortunately for boy George he hasn't done that and now finds himself and his family wallpaper firm Osborne and Little in the eye of a storm.
One has to wonder how a firm can make just £722,000 profit from revenues of £34m , there seems to be a leak in that particular bucket as it's also been revealed the company has offset it's tax against losses for the past 7 years , still managed to pay a dividend to the family though so at least they're OK.