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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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Abramovich reportedly could owe UK £1bn in unpaid tax on hedge fund investments

Leaked documents suggest sanctioned Russian oligarch Roman Abramovich may owe the UK up to £1bn in taxes due to offshore hedge fund investments.

A BBC investigation has compiled evidence that indicates that $6bn (£4.7bn) in investments, routed through British Virgin Islands (BVI) companies, were actually managed from the UK, making them subject to UK taxation.

Eugene Shvidler, a former Chelsea FC director and longtime associate of Abramovich, is alleged to have overseen these investments while residing in the UK. Legal experts argue this constitutes strong evidence that UK tax should have been paid.

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The Markets
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