"Nigel Farage is reportedly using a private company for payments from his GB News appearances and other employment outside of parliament. Payments for the Reform UK leader's appearances on his prime-time show are made to his company, meaning he pays only 25 per cent corporation tax on the profits instead of 40 per cent income tax. It could also allow Mr Farage to offset some expenses, The Guardian reported."
"Money for his GB News work goes directly to his company, Thorn in the Side Ltd, of which he is the director and only shareholder, according to the newspaper. Its latest accounts show that it had 1.7m in cash in May, up by more than 1m in the past year. He has made more than 400,000 working for the TV channel since the general election, being paid more than 2,000 an hour for his appearances."
The Independent emphasizes the need for on-the-ground reporters to cover issues from reproductive rights to climate change, and seeks donations to fund paywall-free journalism. The outlet states that donations enable journalists to report to both sides and keep reporting accessible to all. Nigel Farage is reported to route payments from GB News and other work through his personal company, allowing profits to be taxed at a 25 per cent corporation rate rather than 40 per cent income tax. Thorn in the Side Ltd shows 1.7m in cash, has grown by over 1m in a year, and received substantial payments for TV appearances.
Read at www.independent.co.uk
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