«Breaking News» Almost a third of British billionaires have moved to tax havens, or are in the process of relocating

Almost a third of British billionaires have moved to tax havens or are in the process of relocating, research has found.

Those living offshore must obey local tax laws, but avoid paying HMRC 38.1 per cent on dividends or 20 per cent on the sale of shares.

Analysis by The Times found that of 93 British billionaires, 28 had either relocated or were in the process of moving.

Sir Jim Ratcliffe is among British billionaires who are planning to move to tax havens outside of the UK

HMRC said it did not have official figures on how much this costs, but previous estimates have suggested the UK misses out on £1billion of tax a year from those living in Monaco alone. The principality was the most popular destination for British billionaires, followed by the Channel Islands, Switzerland and the Isle of Man.

Among those moving to Monaco is Sir Jim Ratcliffe, Britain’s richest man. Reports have suggested the taxman could miss out on up to £4billion as a result.

Experts blamed the billionaires’ exodus on the income tax hike for top earners introduced by Labour in 2010. It was reversed three years later by George Osborne.

Link hienalouca.com

https://hienalouca.com/2019/03/07/almost-a-third-of-british-billionaires-have-moved-to-tax-havens-or-are-in-the-process-of-relocating/
Main photo article Almost a third of British billionaires have moved to tax havens or are in the process of relocating, research has found.
Those living offshore must obey local tax laws, but avoid paying HMRC 38.1 per cent on dividends or 20 per cent on the sale of shares.
Analysis by The Times found that of 93 ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





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