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
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.