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• Comment Link Δευτέρα, 20 Ιανουαρίου 2025 16:56 posted by riches777

  For someone who displayed such moral fortitude in voting to take Britain out of the EU, how sad that
  Sir Jim Ratcliffe feels no sense of patriotic duty when it comes to paying taxes in this country.
  
  
  Sir Jim, Britain's richest man with a £21billion fortune to his
  name, may be known in business circles for shying
  away from the public gaze and eschewing the sort of stunts that turned fellow business magnates Lord Sugar and Sir
  Richard Branson into household names.
  
  But the 65-year-old must have known how damaging it would be to flee to Monaco at the height of the
  Brexit negotiations. 
  
  Whatever his true reasons for leaving, his move will be seized
  on by Remainers as a symbolic act of desertion.
  
  
  
  
  Sir Jim, Britain's richest man with a £21billion fortune
  to his name, is said to be taking his money to Monaco - a known tax haven
  
  
  
  
  
  Sir Jim has declined to comment - a spokesman for his company said only that it was a ‘personal matter'
  
  What a stark contrast with Peter Hargreaves, another high-profile billionaire supporter of
  Brexit within the business community. 
  
  The founder of the financial giant Hargreaves-Lansdowne has always been proud of paying his taxes here, and this week
  showed his belief in Britain by saying he would bet his entire fortune that opting for a no-deal Brexit would be this country's best
  option.
  
  Although Sir Jim has declined to comment - a spokesman for his company said only that it was
  a ‘personal matter' - his choice of destination speaks volumes. 
  
  
  
  
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  Monaco is Europe's premier tax haven, already home to a
  soulless list of mega-rich British celebrities who knowingly choose to pay less than they
  could and should towards schools, roads and hospitals in the country of their birth.
  
  
  Such figures are presented, in the cartoonish rhetoric of the Left, as a
  damning indictment of the capitalist system - proof
  that the super-rich are an exploitative, out-of-touch elite with no regard for ordinary people and no gratitude for the opportunities given them in the United Kingdom.
  
  
  The tragedy is that Sir Jim Ratcliffe ought to be a shining example of all that
  is best about aspiration. 
  
  
  
  
  Billionaire Ratcliffe was born to a joiner and office worker in 1952 in Failsworth,
  on the outskirts of Manchester (pictured Sir Ratcliffe's yacht)
  
  
  
  
  
  Monaco is Europe's premier tax haven, already home to a soulless list of mega-rich British
  celebrities (stock picture)
  
  As a council house boy who grew up to be Britain's
  richest man, he embodied the meritocratic ideals of a system
  that empowers people, no matter how lowly their background, to make the best
  of their lives.
  
  
  
     
  More from Dan Hyde for the Daily Mail...
  
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  their way with our finances if left unchallenged 28/08/18
  
    DAN HYDE: If Mr Hammond thinks our pensions are a ‘pot of gold' to be raided,
  he's playing with fire  27/08/18
  
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  in 14/08/18
  
    DAN HYDE: Take insurers to task and make them explain why
  they're putting up the premium 07/08/18
  
    Stop smart meter folly: Ministers must stop the rush to get the gadgets into every British home, says DAN
  HYDE 31/07/18
  
    DAN HYDE: Shame on Nationwide for penalising customers who don't use the internet and can't get out and
  about easily 24/07/18
  
    DAN HYDE: Savers are being failed by NS&I
  with yet another drastic cut to returns 17/07/18
  
    DAN HYDE: Internet giants must do their part to protect us from crooks and fraudsters 26/06/18
  
    DAN HYDE: Big banks listen to you and prove they can get it right
  if they lay aside their rivalries 12/06/18
  
    VIEW FULL ARCHIVE
  
  
  
  Born to a joiner and office worker in 1952 in Failsworth, on the outskirts of Manchester, Ratcliffe
  spent the first three years of his life in a council house. 
  
  He went on to attend Beverley Grammar School in East Riding, after the family moved
  to Yorkshire.
  
  In the Seventies, he accepted a place at the University of Birmingham, where he
  studied chemical engineering. That degree - in those days paid for entirely by
  the taxpayer, of course - would be his ticket to vast riches.
  
  
  By 1992, Ratcliffe had remortgaged his house to lead a buyout of British Petroleum's chemicals business.
  
  
  From there, he would go on to found Ineos, the chemicals giant
  where he remains chairman and chief executive.
  
  
  As it has grown into a sprawling empire, the company, which has an annual turnover of about £45 billion,
  has become a major UK employer with more than 10,000 British staff.
  
  
  One wonders quite what they will make of all this as they dutifully pay every penny in tax to
  the Exchequer.
  
  
  
  
  In 2010, Ratclifee spectacularly fell out with the then Labour
  government over a £350million VAT bill that Ineos was due to pay HM Revenue & Customs
  
  Wise old heads among Sir Jim's staff may be less surprised by his plans.
  
  
  
  After all, this isn't the business mogul's first run-in with the tax authorities.
  
  
  In 2010, he spectacularly fell out with the then Labour government
  over a £350million VAT bill that Ineos was due to pay
  HM Revenue & Customs. 
  
  Sir Jim asked if the payment could be delayed six months, but
  was refused. His reaction was ruthless, taking the company
  headquarters to Switzerland, another famously low-tax regime,
  to save Ineos a reported £100million a year.
  
  He returned to set up a UK headquarters in Knightsbridge - and take up residence
  in affluent Chelsea - in 2016, but only after the Tories
  had moved to slash corporation tax from 28 per cent to 20 per cent.
  
  
  Sir Jim is an astonishingly successful entrepreneur whose business acumen and risk-taking has
  brought much good to this country.
  
  He deserves to be a wealthy man, but when you have £21billion, do you really
  need to kiss goodbye to your own country just to make sure your pockets stay full to
  bursting?
  
  
  Brexit
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