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by Shane Stokes
March 7, 2018
Hivert wins stage three of Paris-Nice, Sanchez grabs overall lead; Prudhomme: ‘We need an answer’ in the Froome case; MPCC calls for rule change in wake of Froome case and Wiggins report; Wiggins connected to tax avoidance scheme; 25th anniversary with special-edition flavour; Donnelly adds 650b gravel tire range; Video: British TT specialist Michael Hutchinson says ethics are vital in Wiggins case; Video: Martyn Irvine – The Next Chapter
Bradley Wiggins (Team Sky) at the 2011 Criterium du Dauphine.
A bad week where he was accused of falsely using a TUE to derive a performance-enhancing benefit got worse for Bradley Wiggins on Tuesday, with the Briton being linked to a controversial tax avoidance scheme.
The Times reported that the 37-year-old former pro rider was the first big name to be linked to the charitable Cup Trust scheme, which used artificial gift aid claims to help donors reduce their tax bills. The scheme was said to be an effort to help those involved to avoid paying £100 million to the British tax system.
According to Margaret Hodge, the former chairwoman of the Commons public accounts committee, the Cup Trust was the most shocking of all tax avoidance schemes. “To exploit a mechanism designed to encourage charitable giving in order to avoid tax is just disgusting,” she said,
It was not clear how much Wiggins invested in the scheme. A spokesman for the 2012 Tour de France winner said that he had “settled all tax liabilities a number of years ago and has paid all taxes due.”
According to The Times, the Cap Trust reported donations of £176million in 2010 and 2011. However it handed over just £150,000 to good causes. While there are no claims the arrangement was illegal, the Charity Commission closed down the trust in 2017.
Click through to read more at The Times.