but that cash flows tax—free out of and into luxembourg via the offshore tax havens where the st enoch centred, jersey. deloitte, the architect of the structure, declined to comment. it's not the first time blackstone used these methods. this is chiswick park, a business centre in west london. blackstone bought it in 2011 and in tax advice this time from accountancy firm pwc there was no messing about. it states the tax structure was designed to mitigate where possible taxes on acquisition, to minimise ongoing income, corporate, withholding and other taxes in uk, jersey and luxembourg and to minimise tax on exit from the uk, jersey and luxembourg perspective. the language is quite shocking in places because it is so clear and blatant or b its intention is. blackstone sold most of chiswick park to the chinese government in 2014 for a profit of up to £300 million. it would appear they followed the pwc advice to the letter and paid zero in stamp duty, next to nothing on the millions of pounds of rental income this place generated and zero on capital gains. not a bad bit of business. pwc told the

is one of the richest companies in the world and, among many other properties, owns the st enoch shopping centreshopping centres in scotland. in 2013 was bought by private equity firm blackstone for around £190 million. it's ceo and founder is stephen schwartzman, one of president trump's closest confidants and an outspoken critic of high taxation. blackstone is one of appleby‘s biggest customers and the law firm was integrally involved in the purchase of st enoch. the paradise papers laid bare the lengths that blackstone, one of the biggest, richest companies in the world, went to to avoid paying uk taxes. the data reveals confidential reports by the accountancy firm deloitte. under the codename project genesis, they provide a step—by—step guide tailor—made to help blackstone avoid tax at every stage of the purchase. it starts with a deft swerve of £7.6 million in stamp duty. we asked a tax campaigner for his assessment. so what you have here at the st enoch‘s centre, to all intents and purposes, is an economic fiction because that trust is owned offshore and they can avoid stamp duty. so that