Summary
email: cityspy@standard.co.uk NOW that other newspapers have woken up to the delicate matter of Philip Green's tax affairs (delicate since it provokes a volley of abuse from the great man, as City Spy discovered when first raising it), their articles make for interesting reading. Green doesn't pay tax on his dividends - Pounds 500 million this year - from Arcadia and Bhs because the businesses are in his wife's name and Philip and Tina live in Monaco. "Arcadia and Bhs have always been in her name.
My wife provided the money to acquire the shares in Arcadia and it is the same for Bhs," he was quoted as saying yesterday. If true, it suggests we're wrong to describe Green as a billionaire - clearly, it's the missus who has the dosh.See the full content of this document
Extract
City Spy
But where would Tina have got the money from? Until September 1992, she ran a shop selling haute couture in Knightsbridge. Then the business, own...
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