Julian Richer funds a tax whingeing protest group led by Ritchie’s friend, Brooks.
Julian Richer has just sold his company using a structure that means no capital gains nor income tax liabilities on the sum received.
Isn’t This Tax Abuse? Julian Richer Sells Richer Sounds Without Paying Capital Gains Tax
But of course this is different. Entrepreneur cashes in his life’s work without paying capital gains or income tax. Yes, that’s obviously different because reasons.
Julian Richer is entirely and absolutely obeying the law here. What’s going to be interesting though is the reaction from those tax campaigners who complain so bitterly when others do exactly the same, entirely and wholly obey the law.
Think about Arcadia, Taveta and all that for a moment. Tina, Lady Green, does not pay UK tax on the dividends she receives. This is loudly condemned. It has most certainly been called tax abuse, tax dodging and tax avoidance. The reason she doesn’t pay that UK tax is because she’s a foreigner living in a foreign country.
But this is different because, right? Even, tax abuse and tax compliance all depend upon who is doing it?