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• Comment Link Sonntag, 19 Januar 2025 12:06 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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  who don't use the internet and can't get out and
  about easily 24/07/18
  
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    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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