It has become apparent that Lord Bilimoria, the University of Birmingham’s Chancellor, has recently been exposed for having connections with one of the offshore tax havens detailed in the recent “Panama Papers” leaks.
This has resulted in national and international press coverage and raises extremely serious questions about the Chancellor’s financial operations.
BUCU are absolutely opposed to the use of offshore tax havens, or the support of their use, as a means of undermining the tax revenues of the national government. Indeed, in a time when we are constantly reminded of the need for austerity, it absolutely beggars belief that a leading member of this university appears to have actively contributed to the dwindling of government resources.
That such a development should occur at the University of Birmingham also raises serious questions that go the heart of the operation of this university. We have one of the highest paid vice-chancellors in the country; and now it seems we have the only university chancellor in the country that is exposed by the Panama Papers leak. It is absolutely unacceptable to run a university in a way that shows concern only for private individual gain, profit, and status, without concern for scientific progress or the contribution that higher education can make to wider society.
BUCU notes that the Prime Minister of Iceland, Singmundur Gunnlaugsson, has been forced to resign as a result of the same leaks, despite his claims that he was not personally implicated. Indeed, the very business of tax havens is such that arms-length associations are a means by which direct personal involvement is concealed.
BUCU calls for a full investigation into Lord Bilimoria’s financial affairs, and for an end to any association between this University and the shadowy world of tax havens and offshore finance which threatens to damage the reputation of all who work here.