Sunday, October 20, 2013

Richard Branson Has Left the United Kingdom of Taxation

Richard Branson  has  moved to his private island in the Caribbean. This will have enormous beneficial tax consequences.

Sweet move by Richard. He says it is a lifestyle change and not about taxes

Yes, Richard, we know it is dangerous to reveal it is the oppressive tax situation in Great Britain that has caused you to  move to Necker Island in the British Virgin Islands. The Brit politicians would start making rules to get at your assets, so it is best to claim it's a "lifestyle" change.

Bloody lifestyle change it is, as the Brits might say.

The U.K's top tax bracket is 50 percent, while, on Necker, Branson has set a zero income tax rate. Moving to Necker will mean that he is no longer a British resident and, as such, no longer subject to the UK's income or capital gains tax. Branson can still spend up to 183 days in the U.K., however.

But Richard, you should stop with the BS, such as this, reported in the Sunday Times:
WHEN Sir Richard Branson was asked his opinion this year on wealthy individuals quitting Britain to escape high taxes, he appeared quite adamant. “I don’t think people should be leaving the UK because of our tax system,” he was reported as saying in April[...]“It is very reasonable, especially if you compare it to a country like France, where it is 80% for some high earners,” he said. “In the current climate, it would be wrong if George Osborne [the chancellor] lowered taxes for the rich.”
Perhaps, this is just happy talk cover for your move, but a decent person would never say a call for lower taxes is wrong---especially when such person is sipping margaritas on a tax free island.

11 comments:

  1. Seriously doubt someone who owns a private island in the Caribbean is chased out of Britain by taxes but the storyline fits nicely into the Koch Bros' "tax hikes reduce revenue" meme.

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    1. I truly hope you live in NYC so you can enjoy the many pleasures and benefits of a progressively planned and managed economy in the coming years.

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    2. Jerry, in case you haven't noticed, "revenue maximization" for the government is not exactly the goal of anarcho capitalism. I know that may be a little too nuanced for you to understand, but it's worth a shot trying to explain.

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    3. "Seriously doubt someone who owns a private island in the Caribbean is chased out of Britain by taxes"

      lol...you started and ended your own argument. Kudos!

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  2. Jerry, thanks for your posts. I know that your arguments represent the best of anti-libertarian thought out there. Every time I read your comments, I find them at best easily refuted and at worse completely off base where you don't even understand the position you're attacking. Thank you for helping to solidify my libertarianism, because I know you represent the best the statists have. Please continue to post.

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    1. I'm not AnCap in the political real world--if perhaps in the spiritual, but I agree with your post. We are lucky to have Jerry.

      Bronson doesn't seem to be a libertarian so lets agree with Jerry and confiscate all his wealth--100% taxation. He works for us. LOL

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    2. I wouldn't count Jerry as a serious opponent - he's clearly a troll. The real leftists are not trying to argue, their weapons are appeal to emotions and substituting meaning of the words, designed to short-circuit any rational discussion. And *that* is very hard to overcome if your audience consists of people with their ability for rational thought destroyed by the years in a public school system.

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    3. Damn straight SokAnCap. Makes great comedy doesn't it? Endless non-arguments and strawmen. :-)

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  3. JWolf, I love you!

    Your posts are the best distillation of ignorance and bullshit arguments about liberty

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  4. Perhaps Branson read this story:

    http://dollarcollapse.com/creeping-fascism/theyre-coming-for-your-savings/

    In the US, major banks (as reported by EPJ) are taking steps to make international wire transfers harder, the US customs are becoming more aggressive (just following orders, no doubt), etc. etc. It's all in conformance with Le Grand Plan of the IMF

    It is very tempting to start connecting the dots ... guess the rich people in the US need to follow in Branson's footsteps...

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