Take That - Busted!

Take That fined for 'Massive Tax Avoidance Scheme'

Take That's Garry Barlow, Mark Owen, Howard Donald, and manager Jonathan Wild poured £66million into two partnerships that were styled as music styled investment schemes. However they were 'fake' tax shelters, that enabled the super rich musicians to avoid paying tax on up to £63million from world tours and CD sales. 




The members of Take That are likely to be ordered to replay £20million to HM Revenue & Customs. 
Tax judge Colin Bishopp rejected arguments that more than 50 partnerships, set up by a company called Icebreaker Management, had been set up for commercial purposes.He said: “Icebreaker is, and was known and understood by all concerned to be, a tax avoidance scheme.“The aim was to secure tax relief for members, and to inflate the scale of the relief by unnecessary borrowing.”Icebreaker partnerships did not make any profit despite investing in artists from unknowns to world famous stars like Sinead O’Connor, the judge found.


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Snap-Hack

Snap Chat Caught Out!

Yes, it appears Snapchat has been caught not securing users details properly and lying about conversations and images being totally deleted after use.

 The mobile messaging app, had misled users and had been collecting data. The Federal Trade Commission says messages remained accessible to users and outside parties. The FTC also said Snapchat was collecting users details and contacts, despite saying it wasn't doing so. It failed to secure users data, enabling hackers to gain access to millions of phone numbers in a recent breach. The FTC require Snapchat to make changes, although states they will not be issuing a fine.