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Nectar card 大君's £13million 税金 救済 is blown out of the water after 論争 over America's Cup losses

Millionaire entrepreneur Sir Keith Mills has been 攻撃する,衝突する with a £13 million 法案 after losing a 論争 with 歳入 & Customs over 税金 救済 he received while running his America’s Cup sailing team.

The man behind 空気/公表する Miles and the Nectar card 忠義 計画/陰謀s, and who 長,率いるd Britain’s 2012 Olympics 企て,努力,提案, formed a team to enter the 2010 America’s Cup.

?Sailing venture: Sir Keith Mills?formed a team to enter the 2010 America?s Cup

?Sailing 投機・賭ける: Sir Keith Mills?formed a team to enter the 2010 America’s Cup

The 投機・賭ける ? Team Origin ? made losses which Mills hoped to 相殺する against his 税金 法案.?

But a 税金 法廷 支配するd it was not ーするつもりであるd to be a 利益(をあげる)-making 商売/仕事 and so the losses are not deductible.

Challenge: The British entry in the 2017 Cup is backed by Sir Keith Mills

Challenge: The British 入ること/参加(者) in the 2017 Cup is 支援するd by Sir Keith Mills

?Team Origin was 始める,決める up in 2007 and attracted talent 含むing 3倍になる Olympic gold medallist Sir Ben Ainslie.?

The company の近くにd 負かす/撃墜する in 2010 and had by then 地位,任命するd losses of £32 million and received £13 million 税金 救済.

Mills told the 法廷 he had been 利益/興味d in building a ‘profitable 冒険的な 商売/仕事 that could 供給する a 財政上の return’.

However, 歳入 & Customs argued the 税金 救済 should be returned because Team Origin was not 始める,決める up as a 貿易(する)ing company.

The 2017 America’s Cup kicks off on May 26. Mills and 株主s have 投資するd £100 million in the Land Rover BAR team racing for Britain. Ainslie is 船長/主将.

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