The independent tax and legal policy think tank

We investigate the real-world impact of the UK tax and legal system, expose avoidance and abuse, and propose practical reforms.

Featured report
Mandelson leaked No 10 documents to Epstein – who then helped him pursue multi-million dollar jobs
On Jul 26. 2010. at 1:51 PM, It's about reputation and perception. Public goo (modest and temporary, | hope) reputational hit about disclosure and speed. But that was due to tut-tutting will subside, as it is starting to do alr Sent from my BlackBerry® wireless device
Most read
Henley & Partners’ millionaire-migration reports Henley & Partners’ millionaire-migration reports – fabricated? Epstein file Epstein file: Mandelson told JPM to threaten Chancellor Lease reform Lease reform: stamp duty headache for 150,000+ tenants Mandelson, Epstein and a Panama tax Mandelson, Epstein and a Panama tax structure – emails Who secretly owns Britain? Who secretly owns Britain? Map of hidden UK property owners
can we speak’? On Thu, Dec 17, 2009 at 1:14 AM, < Yes and mildly threaten Sent from my BlackBerry®: wirele
Feb 1, 2026 Analysis

Epstein emails reveal Mandelson advising JPMorgan to threaten Chancellor over post-crisis banker bonus tax

On 9 December 2009, Chancellor Alistair Darling unveiled a one-off 50% tax on bankers’ bonuses. New documents from the Epstein Files reveal that a serving cabinet minister privately advised JPMorgan on how to fight back. Peter Mandelson, then Business Secretary, counselled Jamie Dimon on how to threaten the Government into softening the tax. Those exchanges […]
To: jeevacation@gmail com[eevacation@gmail com] From: Peter Mandelson Sem: Sun 11/7/2010 2 34 57 PM Subyect: Fwd Rio apartment Seat to mys bank manager Gratetul tor helpful thoughts trom my chief lite adviser Sent from ims iPad Bevin torwarded messave From: Peter Mander iS Date: 7 November 2010 [4 29 12 GMI Subject: Rio apartment P| ag awe dpeecussed Pan consdernne a purchase of an apartmentin Rion Ttisain
Jan 31, 2026 Investigations

Emails show Peter Mandelson discussing Panama tax structure with Jeffrey Epstein

Previously unreported emails – first identified by Tax Policy Associates – show Peter Mandelson discussing with his “chief life adviser”, Jeffrey Epstein, a tax avoidance structure for the purchase of a £2m Rio apartment, involving a Panama company. Mr Mandelson told us that he has no recollection of the proposal, or knowledge as to the […]
-
Jan 30, 2026 Analysis

Tenancy reform: the accidental stamp duty headache for 150,000+ tenants

The Renters’ Rights Act unintentionally turns hundreds of thousands of ordinary residential tenancies into an annual stamp duty reporting obligation, often for tax bills of only a few pounds. Financial Times report here. The Renters’ Rights Act 2025 contains a fundamental reform: from May 2026, most residential tenancies in England will continue indefinitely – fixed […]
Map showing UK properties owned by offshore companies and whether the real owner is disclosed
Jan 29, 2026 Analysis

Who secretly owns Britain? The hidden offshore owners of £460bn of UK property

Nearly 100,000 properties in England and Wales – worth c£460bn – are owned by offshore companies. We’ve conducted an extensive analysis and created an interactive map that lets you search by property or location, and see where offshore companies are being used to hide the true ownership of the property. In 44% of cases, representing […]
photo of the Royal Courts of Justice
Jan 21, 2026 Analysis

Tax barristers and fraud: how the Bar responded to our allegations

Last week we published a report on how a small number of tax barristers facilitate tax avoidance schemes that are, in our view, more properly described as tax fraud. The barristers design the schemes, and/or issue opinions that the schemes work, despite the dismal history of such schemes in the courts over the last 25 […]
The Purity scheme End Us (e.g. Tes
Jan 16, 2026 Analysis

Rogue barristers are enabling a billion pound tax fraud – and the Bar won’t act

A small number of KCs and junior barristers are enabling large-scale tax fraud. They do it by providing tax opinions backing schemes designed to “avoid” tax on wages paid to contractors. The schemes have no real technical basis, but the promoters behind the schemes use the opinions as a badge of credibility – and, more […]
View all reports

For journalists

Find our bios, logos, and the right contact for press enquiries.

Press kit

Legal and privacy

© 2026 Tax Policy Associates Ltd. A non-profit company limited by guarantee (no. 14053878)

RSS feed