Lady Green took out a record £1.2bn tax-free dividend from Arcadia in 2005.
The dividend – or the cash used to pay it – had already paid corporation tax. You can;t take a dividend without that having happened.
Ed Miliband, the shadow business secretary, echoes his views: “Employees should not pay the price of Philip Green’s greed. His family extracted the largest dividend in history from Arcadia. The least he can do is help plug the deficit.”
Do we get to come after your money Ed? For whatever you might have done in office? Or are you going to claim limited liability for me but not thee?