• The Guardian, Sunday 13 October 2013 18.11 BST Sir Richard Branson says he planned to spend his remaining years Necker, British Virgin Islands for the sake of his health rather than to protect his bank balance. Photograph: Todd Vansickle/AP Sir Richard Branson makes great play of wrapping himself in patriotic trappings to promote his businesses, but Britains best-knownentrepreneur on Sunday revealed he had been living as a tax exile for the last seven years after moving his main residence to a private Caribbean island. Branson has swapped the union flag for the ensign of the British Virgin Islands, where income is not taxed. Having nominated Necker, an island he bought in the 1970s, as his tax base, he can only spend a maximum of between 46 and 183 days a year in the UK.
Posted on: Mon, 11 Nov 2013 13:25:19 +0000
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