Richard Branson reveals ‘tax exile’ move to private Caribbean island

“When Sir Richard Branson was asked his opinion this year on wealthy individuals quitting Britain to escape high taxes, he appeared quite adamant. ‘I don’t think people should be leaving the UK because of our tax system,’ he was reported as saying in April.  Now The Sunday Times can reveal Branson himself has opted for life as a tax exile on his private island of Necker in the Caribbean, a perhaps surprising move given the rest of his comments on the British tax system.  ‘It is very reasonable, especially if you compare it to a country like France, where it is 80% for some high earners,’ he said. ‘In the current climate, it would be wrong if George Osborne [the chancellor] lowered taxes for the rich.'”

http://www.thesundaytimes.co.uk/sto/news/uk_news/People/article1326921.ece

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