“Non-dom” gets a nasty call from the taxman

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.

Related articles:Will non-dom entrepreneurs leave Britain?

Picture source

Share this story

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
Menu
0
Would love your thoughts, please comment.x
()
x
Send this to a friend