Rich to flee UK 50% tax
(Times): Two of Britain’s best known entrepreneurs are considering leaving in protest against Alistair Darling’s new 50% tax rate, as leading figures from business and the City warn of a talent exodus. Hugh Osmond, the pubs-to-insurance entrepreneur, is thinking about a move to Switzerland and Peter Hargreaves, the £10 million-a-year co-founder of Hargreaves Lansdown, the financial adviser, is looking at the Isle of Man or Monaco, with more likely to follow. Osmond, whose net worth is estimated at £230 million, said: “A lot of people will be off. It’s highly unlikely that I will continue to have the UK as my country of residence. …"
Category: Business
The gall of the UK to support the successive FATF, G7, G8 & G20 position on squeezing tax havens into oblivion when its their own policies such as this that send their citizens our way! Ever since the first wave of ‘nouveau riche’ rock stars in the late Sixties and early Seventies, UK citizens have been stashing away their cheese, moving overseas and changing their citizenship just to avoid their harsh tax regime. Yet they continue to apply the triple standard of ignoring the reasons for their citizens’ actions and ignoring European tax havens like Switzerland, while chasing down the ‘overseas’ tax havens like thieves.
Oh, for a return to the Eighties when the suitcases full of raw cash came in numerous Learjet flights daily! Playing by the rules is no fun!
opertunity here cayman . embrace wealth to illiminate unemployment and poverty offer P/R with a clear avenue to Startus if they meet the investment level required. Bahamas does it and i bet other tax havens will soon follow as the noose tightens around us..
It is time for us to fund David Cameron and the Conservatives on condition that he calls over Lib Dems Shadow Chancellor, Vince Cable. New labour under Brown is about to experience a Brown out. The Blair flair has flared out and smoulders with the crash and burn of Bush Chaney.
Cameron is a bright,-in this planet guy. His shadow CE can’t hold a candle to the competence of Vince.
Current conditions beg for a sober political climate in Britain.
Lets pass the hat.