The Chancellor (George Osborne) has previously spoken out against “morally repugnant” tax avoidance, making it a major part of his 2012 budget speech.

[George Osborne] has recently called a £130 million tax settlement with Googlea “major success”, despite critics calling the arrangement a "sweetheart deal" with the amount being an effective tax rate of just 3 per cent..

The latest accounts allegedly show Osborne & Little Group paid £6,000 in tax overseas – it also has deferred a “tax charge” of £173,000.

Company records for the interior design group, which has its head office in London and pays its senior director £684,000 a year, allegedly reveal it made profits in the year to March 2015 of £722,200 on revenues of £34 million.

READ the article in The Independent