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F1 World Champion avoids tax on private jet

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LEWIS HAMILTON is one of the many high-profile names that have surfaced from the Paradise Papers leak. The Formula One world champion managed to avoid paying European taxes on his private jet by using a controversial scheme that is now to be investigated by Britain's tax authorities.

A scheme used by Hamilton, already one of the world's richest sports stars whose personal fortune is estimated at €240 million, to dodge paying European taxes on his private jet is to be investigated by HM Revenue and Customs.

Legitimate tax avoidance schemes are not illegal and there is no suggestion Hamilton was directly involved in creating the scheme operated from the British-owned Isle of Man to finance the purchase of his €18 million Bombardier jet from Canada in 2013.

Accountancy firm EY and Appleby, the law firm at the centre of the Paradise Papers leak, helped the British racing driver and other clients establish artificial leasing businesses through which they rented their own jets from themselves under a scheme approved by the Isle of Man government.

The sportsman appears to have used shell companies in the British Virgin Island, the Isle of Man and Guernsey to avoid the entire €3.6 million owed when he imported the red-coloured jet into England. Similarly, he set up another Isle of Man-based company to purchase a seven-figure motorhome, again paying no VAT.

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Two Mile School “Says Yes to Japanese”

The pupils and staff of Two Mile Community National School were delighted to welcome Mr Norio Maruyama,  the Japanese Ambassador to Ireland on Tuesday. The Ambassador was at the school […]

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The pupils and staff of Two Mile Community National School were delighted to welcome Mr Norio Maruyama,  the Japanese Ambassador to Ireland on Tuesday.

The Ambassador was at the school to promote the teaching of the Japanese language and culture through the ‘Say Yes to Languages’ programme.

“The pupils in Two Mile were very interested to listen to stories about Japan and to learn about the links between our two countries,” said school principal Catherine Barry.
“As a multi-denominational school, we are very open to different languages and cultures and we look forward to working with the Japanese embassy from next September.”
Two Mile Community National School is the only multi-denominational school in the Killarney school district.

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 Photographer Anastasiia goes Out and About for Killarney Advertiser.

The Killarney Advertiser is pleased to announce that Anastasiia Garbera has joined the team. Anastasiia is a photographer from Ukraine. She has been living in Killarney for nearly two years […]

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The Killarney Advertiser is pleased to announce that Anastasiia Garbera has joined the team.

Anastasiia is a photographer from Ukraine. She has been living in Killarney for nearly two years and is trying to establish a freelance photography business.
“I love my job. I’ve been shooting for 11 years. I adore photography and connect my life with it. The best thing for me is to show girls and families, brides how beautiful they are. I think it’s my main mission.No need to be a model. We are all beautiful and special. You just need to build more self-confidence. And be sure, I will help you with it.”
Keep an eye out for Anastasiia as she goes Out and About for The Killarney Advertiser.
If you are organising an event and need a photographer email info@killarneyadvertiser.ie for more details.

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