https://www.youtube.com/watch?v=g1UHFEU7hr4
The Guardian was founded on a tax dodge as its editor explains:
In April 1932, a small boat sailing on Windermere was hit by a sudden squall and capsized. There were two people in the boat. One, Ted Scott, was drowned. His teenage son, Richard, swam to the shore and was saved.
The death of Ted Scott, editor of the Manchester Guardian, within months of that of his father, CP Scott, provoked a crisis at the newspaper which the family owned. It was a crisis to do with tax.
The Scott family was faced with the potential of a very large bill by way of double death duties on the late father and son – editors and owners both. There was a very real chance of the paper being killed or sold.
In an extraordinary act of public-minded philanthropy, the Scott family decided to give away their interest – worth more than £1m at the time – by creating a trust.
Utopia, you are standing in it! 
Recent Comments