Supplier of housing for homeless linked to faith group tax avoidance scheme
Key points
- A property investor who sells temporary accommodation to local councils is part of a family accused of avoiding tax by hosting bogus prayer sessions, a Guardian investigation can reveal.
- Publicly available records raise questions about the business interests of members of the Schreiber dynasty, who preside over a nationwide commercial property portfolio via a âfamily-ownedâ investment vehicle, Midos Group.
- Companies connected to Midos Group exploited an elaborate scheme to deprive councils of tax, according to a court claim.
- Meanwhile, a similarly named but apparently separate business â Midos Management Co â tapped some of the same local authoritiesâ already strained housing budgets by providing accommodation for homeless people, in exchange for fees.
- Lawyers for Midos Group and a spokesperson for Midos Management Co both claimed that there was no connection between the two entities.
Quick Summary
A property investor who sells temporary accommodation to local councils is part of a family accused of avoiding tax by hosting bogus prayer sessions, a
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Supplier of housing for homeless linked to faith group tax a.
Key Takeaways
- A property investor who sells temporary accommodation to local councils is part of a family accused of avoiding tax by hosting bogus prayer sessions, a Guardian investigation can reveal.
- Publicly available records raise questions about the business interests of members of the Schreiber dynasty, who preside over a nationwide commercial property portfolio via a âfamily-ownedâ investment vehicle, Midos Group.
- Companies connected to Midos Group exploited an elaborate scheme to deprive councils of tax, according to a court claim.
- Meanwhile, a similarly named but apparently separate business â Midos Management Co â tapped some of the same local authoritiesâ already strained housing budgets by providing accommodation for homeless people, in exchange for fees.
- Lawyers for Midos Group and a spokesperson for Midos Management Co both claimed that there was no connection between the two entities.
đ Source: The Guardian
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