More about: Simon Cowell
The Panama Papers leak have identified many celebrities and politicians - the latest include Simon Cowell, and Heather Mills.
The leak has named many as shareholders in companies based in the British Virgin Islands, which is known for being a tax haven.
Now, The Guardian reports that Cowell is a sole shareholder of two companies that were both founded in 2007. Southstreet Limited was set up in February 2007, whilst the other company, Eaststreet Limited, was set up in October 2007.
It is believed that both companies were set up when Cowell was looking at purchasing two plots of land in Barbados where he regularly holidays. The building project has since then falling into disarray and both companies have become completely dormant.
A spokesman for the X Factor judge said: “"The companies were set up, not by my client, but by accountants acting for him as a common means for an overseas investor to purchase property in Barbados.
"My client, however, preferred to purchase them transparently in his own name. Therefore, the companies were never used for anything at all. I can also confirm on behalf of my client that he has not used any offshore companies for any purpose whatsoever."
Cowell has, in the past, claimed to pay all of his taxes by saying, “Whenever I got knocked for what I do, I always say, well I do pay my taxes, and it helps, and I’m quite proud of that, here and all over the world."
Paul McCartney’s ex, Heather Mills, has also been identified as the owner of 100 shares in a company based on the British Virgin Islands. Mills has said in an email, “"I can say hand on heart I am a straight taxpayer and you will never find anything on me if you investigate thoroughly."
More about: Simon Cowell