Almost a third of British billionaires have moved to tax havens or are in the process of relocating, research has found. Those living offshore must obey local tax laws but avoid paying HMRC 38.1% on dividends or 20% on the sale of shares.
The UK’s outgoing ambassador to the EU has said “serious multilateral negotiating experience is in short supply” in Whitehall in a resignation letter to staff (Brexit).
