Border is shut down by gunfire
Stars hand over £20 million
Pop group Take That have paid up £20 million (Dhs104 million) they owe the British government over a tax avoidance scheme. Gary Barlow, Mark Owen and Howard Donald put £66 million into tax shelter Icebreaker. More than 1,000 investors put over £300 million into the scheme, which was supposedly invested in creative industries, which provided them tax relief on losses bigger than their investments. Their manager Jonathan Wild was also involved in the scheme but their former Take That bandmates Jason Orange and Robbie Williams were not, the Daily Mirror newspaper reported in the UK.
Barlow previously took to Twitter to apologise for his actions. He wrote: “I want to apologise to anyone who was offended by the tax stories... With a new team of accountants we are working to settle things with all parties involved ASAP.”
Judge Colin Bishopp ruled that the scheme was mainly intended for tax avoidance rather than investment. Other members of the scheme, though, appealed against the decision.
Meanwhile, it has been revealed that Barlow is expected to earn £10 million (Dhs52 million) this year, thanks to three West End musicals, a Take That tour and an album.
And the singer is also reportedly working on a television show to rival The X Factor. Pakistani and Afghan border guards exchanged gunfire overnight on Sunday at a crossing between the two countries, leaving one guard dead and 17 wounded on both sides, officials said. The Torkham crossing was closed yesterday following the incident and talks were underway to defuse the situation and reopen the border. Ghuncha Gul, a Pakistani official in the region, said the Afghan side started shooting late on Sunday night when construction work began on a new gate on the Pakistani side. He said the gunfire ended about 4am. On the Pakistani side, two guards and nine civilians were wounded.