On Tuesday night Ken promised once again to publish a full set of accounts for his famous personal company, Silveta, which enables him to pay corporation tax at 20% on his massive earnings rather than income tax of up to 50%, and avoid National Insurance altogether.
Asked at a campaign event: “Will you give an understaking to publish a set of your tax affairs and accounts certified by your accountant?” he replied: “I’m happy to [go] back and get my accountant to certify [my tax figures] – we got them from my accountant, I’m happy to do that.”
He didn’t get the figures he published from his accountant, of course – unlike every other candidate. They were knocked up by one of his advisers, Mark Watts – one of the famous “cronies” who shared a £1.6 million payoff from taxpayers after Ken’s City Hall. Hope you didn’t channel that through a personal company, Mark!
And unlike every other candidate, Ken still hasn’t told us how much he earns (he’s given us the earnings he takes out of Silveta, but not the earnings he’s had paid into it.)
Yesterday morning the Standard extracted a promise from Ken that the full, certified accounts would be published on his website “shortly.” Nearly twenty-four hours later, there’s still no sign. It’s now more than three weeks since Livingstone promised to “publish details of everything I’ve earned over the last four years” – a promise fulfilled by Boris Johnson within 24 hours.
How about doing your bit for trust in politics, Ken?