A MULTI-MILLIONAIRE British property investor who failed to pay taxes for 24 years is reportedly living in Spain.
Entrepreneur Paul Bloomfield enjoyed a life of luxury with several homes, a helicopter and private jet without submitting a single tax return. However, he has not yet been prosecuted by tax officials.
Nicknamed Boom Boom Bloomfield after a series of highly lucrative property deals in the eighties, he has now emerged as one of those who had offshore accounts with HSBC in Switzerland.
The bank has been the subject of a major scandal after it came to light that thousands of its British customers were encouraged to set up the offshore accounts.
Bloomfield, who helped organise the financing of the new Wembley stadium in 2003, met HMRC investigators in 2011 but told them he did not own an offshore bank account, any property or have any income of his own.
But the HSBC files given to HMRC reportedly show Bloomfield did have an offshore account with the bank in 1993.
Tax officials were said to have not believed his denials about not having any income and concluded he was liable for tax for the past 20 years, but he was not prosecuted.
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