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| Version 0 | Version 1 |
|---|---|
| Tory peer 'remains in tax exile' | Tory peer 'remains in tax exile' |
| (about 1 hour later) | |
| A leading Conservative Party donor is still a tax exile three years after agreeing to become a UK resident to gain a peerage, BBC News has learned. | A leading Conservative Party donor is still a tax exile three years after agreeing to become a UK resident to gain a peerage, BBC News has learned. |
| When Lord Laidlaw was proposed for a working peerage in 2004 he agreed to a Lords' Appointments Commission request to renounce his tax exile status. | When Lord Laidlaw was proposed for a working peerage in 2004 he agreed to a Lords' Appointments Commission request to renounce his tax exile status. |
| The commission will "name and shame" him in a forthcoming review, but has no formal power to revoke his peerage. | The commission will "name and shame" him in a forthcoming review, but has no formal power to revoke his peerage. |
| He told the commission he had retained tax-exile status for personal reasons. | He told the commission he had retained tax-exile status for personal reasons. |
| In a letter written to the commission three weeks ago, Lord Laidlaw also said he still intended to become a UK tax payer. | In a letter written to the commission three weeks ago, Lord Laidlaw also said he still intended to become a UK tax payer. |
| Major donor | Major donor |
| Last year, he was named as Scotland's second richest person, with a fortune of £730m from conference and media enterprises. | Last year, he was named as Scotland's second richest person, with a fortune of £730m from conference and media enterprises. |
| The letter, which was read to me, cites a variety of personal reasons Robert Peston, BBC business editor Read Robert's report in full | |
| Lord Laidlaw was also one of four major donors to the Conservative Party questioned by police investigating "cash for peerages" claims, along with IM group head Robert Edmiston, Lord Ashcroft and Swede Johan Eliasch. | Lord Laidlaw was also one of four major donors to the Conservative Party questioned by police investigating "cash for peerages" claims, along with IM group head Robert Edmiston, Lord Ashcroft and Swede Johan Eliasch. |
| The peer has said he intends to give away his vast personal fortune during the next few decades to help society's most disadvantaged people. | The peer has said he intends to give away his vast personal fortune during the next few decades to help society's most disadvantaged people. |
| He sold his events business, the Institute of International Research, for more than £700m in 2005. | He sold his events business, the Institute of International Research, for more than £700m in 2005. |