Britain’s richest person is quitting the UK for Monaco – just two months after he was knighted by the Queen for “services to business and investment”.
Sir Jim Ratcliffe, the founder and chief executive of petrochemicals company Ineos and a high-profile Brexiteer, is preparing to move to the tax-free principality on the Côte d’Azur in order to avoid UK taxes on his vast wealth. His fortune is estimated at £21bn.
Ahead of the Brexit referendum, Ratcliffe provided a boost for the Leave campaign when he said Britain would thrive outside the EU.
In the immediate wake of the vote he urged the government to adopt a tough approach to exit negotiations: “We must listen, we must be unwaveringly polite and retain our charm. But there is no room for weakness or crumpling at 3am when the going gets tough and most points are won or lost.”
He said Europe needed access to the UK’s market as much as Britain needed Europe.......
Another 'Do as I say, not as I do' merchant in the mould of Rees-Mogg and other tax dodging Brexiteers.
By the way, he has form.
Ratcliffe has quit Britain before. He moved Ineos to Switzerland in 2010 in protest at the Labour government’s tax regime. The relocation saved an estimated €450m (£405m) in tax. He then moved the company back to the UK in 2016 after the Conservatives returned to power and cut corporation tax rate from 28% to 20%.
https://www.theguardian.com/business/20 ... ree-monaco