According to a report in The Times yesterday, Gaines-Cooper started up a jukebox business in the UK in 1958 and has since set up a variety of enterprises overseas, including a surgical aid firm.
Although he still owns a 27-acre country estate in Henley and his son attended an English school, Gaines-Cooper has lived in a villa in the Seychelles for more than 30 years.
Nevertheless, HM Revenue & Customs has ruled that his roots are resolutely British and is ready to whack him with a bill that could run into several million pounds.
If you’re a British entrepreneur based overseas, start feeling worried.
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