Offshore Leaks Record

United Kingdom ยท Pandora Papers

Tony Blair: offshore leaks and what happened next

No official action reported No investigation or official finding concerning the Blairs' purchase was reported in the sources reviewed.2

Being named in a leak is not evidence of wrongdoing, and owning an offshore company can be legal. Each record sets out what was reported, the person's response, and what official action, if any, followed.

What was reported

ICIJ reported that in 2017 Tony and Cherie Blair acquired the British Virgin Islands company that owned an 8.8 million dollar Victorian building in London, a structure that avoided more than 400,000 dollars in property taxes.1

Response

Cherie Blair told ICIJ her husband was not involved in the transaction and that the aim was to bring the company and the building back into the UK tax and regulatory regime. A spokesperson for the Blairs said they pay full tax on all their earnings, had nothing to do with the vendor and did not decide to buy the company rather than the property, City AM reported.1,2

What happened afterwards

  1. No action reported, None reportedCity AM reported that there was no suggestion of illegality in the transactions and reported no official action against the Blairs.2

Sources

  1. ICIJ, Offshore havens and hidden riches of world leaders and billionaires exposed in unprecedented leak (3 October 2021)
  2. City AM, Blairs hit back after Pandora Papers property revelation (4 October 2021)