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Britain's richest person to leave UK for tax-free Monaco
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 Brexiter, 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.

[...]

In the run-up to the Brexit referendum, Ratcliffe provided a fillip for the Leave campaign when he said Britain would thrive outside the EU.

In the aftermath 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."

by Bernard on Mon Aug 13th, 2018 at 08:18:54 PM EST

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