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The Hoxton Pony, Shoreditch - pub details

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Address: 104-108 Curtain Road, Shoreditch, London, EC2A 3AH [map] [gmap]

Tel: 0871 951 1000 (ref 45235) - calls cost 10p per minute plus network extras

Nearest tube stations Old Street (0.3 miles), Shoreditch (0.5 miles), Liverpool Street (0.6 miles)

Nearest train stations Old Street (0.4 miles), London Liverpool Street (0.5 miles), Moorgate (0.7 miles)

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> Current user rating: 5.0/10 (rated by 3 users)
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other pubs nearby:

Strongroom, Shoreditch (0.0 miles), Cantaloupe, Shoreditch (0.0 miles), Merchants Tavern, Shoreditch (0.0 miles), Barley Mow, Shoreditch (0.1 miles), Bedroom Bar, Shoreditch (0.1 miles) - see more nearby pubs

 

user reviews of the Hoxton Pony, Shoreditch

please note - reviews on this site are purely the opinion of site visitors, so don't take them too seriously.

This a cocktails, wine and champagne bar, and a drink will typically cost you about a tenner. It has live stuff on Fridays and on Saturdays, which tends to be anything, which might have a claim to be cool, that is, grime, hip-hop, EDM and so on. The interior design is as you’d expect.

So, chuckies, if you’re looking for real ale, morris dancing, and leather tankards, then you’ll be disappointed. If, on the other hand, you fancy flaring off a few smackers, among others also wanting the above, then perhaps its for you? And if you’re really loaded, and looking to begin a Mixed Attractiveness Relationship, then perhaps you could do worse than to come here too?

Now, following the release of the "Paradise Papers" on offshore tax avoidance, the dear old Guardian writes of one "James Mellon and his London bar". It says:

“The arch-Brexiteer and Isle of Man tax exile is a proprietor of a cocktail bar in one of London’s hippest neighbourhoods – the Hoxton Pony in Shoreditch.

In 2007, he teamed up with his longstanding business partner, the Canadian billionaire Stephen Dattels, to become a co-partner in the venture.

Rather than invest directly in a British business, Mellon created a layered structure. The bar was run by a UK-registered company, Calabrese House Ltd, which was entirely owned by an Isle of Man company, Calabrese Holdings Ltd, which had four equal shareholders.

Mellon and Dattels provided the funds, investing £500,000 each. They each held 25% via the Isle of Man. And it was the Manx vehicle that would pay out any dividends. If the bar was ever sold at a profit by its Manx parent, there would be no corporation tax to pay – because the Isle of Man does not tax company profits.

The leaked files show Appleby suggesting various ways this structure could help minimise tax. Mellon’s representative said the recommendations had not been acted on. The financier told the Guardian the bar had never made a profit, and that “the Calabrese investment has not been a good one”.

There are no tax advantages to holding the business outside the UK, according to Denham Eke, managing director of Mellon’s Isle of Man based Burnbrae Group. He added: “The reason we used an Isle of Man holding company is that we operate from the Isle of Man. It is our domicile and it is where we have our accounting and support infrastructure.”

Gerardo Calabrese, who runs the bar and holds a quarter share, said the dual Manx and UK structure was for convenience, for “minimising any cost duplication”, and had nothing to do with avoiding tax. Dattels did not respond to an emailed request for comment.”

So there you have it, sugar plums. “Never made a profit”. At ten quid a drink (cough.)
Hulots_hat - 16 Feb 2018 11:10

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