Tag Archives: Lakshmi Mittal

Olympics Torch: It’s a joke

Lakshmi Mittal is a torchbearer without a hometown.

Today he will be carrying the Flame through the Royal Borough of Kensington and Chelsea, selected by LOCOG as one of the 8000 inspirational people.

Lakshmi Mittal retained his crown as Britain’s richest man despite losing almost a quarter of his wealth over the past year following a fall in the share value of his ArcelorMittal, the world’s largest steelmaker.

The Indian-born businessman saw his personal worth slide by £4.8 billion to £12.7 billion, but that was still enough to keep him narrowly on top of the list.

That’s inspiring, isn’t it?

This year, the fee that Lakshmi Mittal pays the British government in order to avoid paying any income tax in the UK, went up from £30,000 to £50,000. Continue reading

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Olympics entrepreneurs

The Woolsack project (Do not meddle in the affairs of knitters) are still trying to reach all and each of the Olympic athletes to let them choose their hand-knitted cushion.

Team GB - Innsbruck - Woolsack Cushions - Winter Olympics

From the official site:

8,000 inspirational people will carry the Olympic Flame as it journeys across the UK. Nominated by someone they know, it will be their moment to shine, inspiring millions of people watching in their community, in the UK and worldwide.

We knew that the Olympic Torchbearers were another resource for LOCOG fundraising Continue reading

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Filed under Olympics, Tax Avoidance