Tax the rich

Mar 2019
214
130
Portland, OR
#82
Great socialist idea, tax the rich. Solution, why not just move to Monaco to save billions!!

Ineos founder Sir Jim Ratcliffe blasts EU over ‘stupid’ taxes - Evening Express


Ineos founder and Brexit-backer Sir Jim Ratcliffe has slammed the EU over expensive regulations and “stupid” green taxes he claims are choking Europe’s chemicals industry.

In an open letter to European Commission president Jean-Claude Juncker, Sir Jim warned Europe is “no longer competitive” as a result of its strict energy and labour laws, which he claims are the most expensive in the world.

He added the EU is “scaring away investment with heavy green taxes”, with Europe’s share of the world chemical market having halved to just 15% in the last 10 years.

Just a latest example when a business upsticks and moves to a more tax incentive country. Not only that, the UK has now lost anywhere from several hundred million to £4b in tax.
If you move to Monaco, you still have to pay American taxes on all your income.