Billionaire Branson Leaves UK for Caribbean Tax Haven
LONDON — One of Great Britain’s richest men, Sir Richard Branson, has permanently taken up residence in a Caribbean tax haven.
The London Sunday Times reports that Branson sold his Oxfordshire estate and will officially live in Necker, an island he bought in the 1970s and where he has spent much of his time the last seven years.
According to The Sunday Times, Branson’s new address means he will not be required to pay any personal income tax on earnings outside Britain, although he will still be taxed on U.K. earnings.
more @ newsmaxworld
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