What are these idiots talking about?

His company’s tax savings, now Ratcliffe has moved to Monaco, have been estimated at £4bn.

She backs this up with a reference to Baron Sikka of all people.

And you’d think that someone might have grasped. Where Jim Ratcliffe lives changes where Jim Ratcliffe pays taxes. Where Ineos is incorporated/resident, changes where Ineos pays taxes. Where you pay taxes of course makes a difference to the amount of tax you pay.

But where Jim Ratcliffe lives and pays taxes does not change where Ineos is resident and pays taxes. Because they are different legal persons with different residencies, see?

7 thoughts on “What are these idiots talking about?”

  1. The BTL comments are fun

    No doubt they all consider themselves bien pensant intellectuals

    Archetypal group think

  2. The article is full of dog whistles – Trump, Brexit, and if I got to the end no doubt global warming would be there too – pretending to be an argument. The stupidity on display is Spudesque

  3. Typical Gruaniad rubbish from one of their usual twits, Catherine ‘Spud’ Bennett.

    I tried to contribute ‘to support the Guardian’, but the begging form would not accept my suggested amount of 0.001p

  4. Bloke in North Dorset

    Bloody hell, she takes spite to a whole new depth.

    I’m surprised he’s moved to Monaco, at least for this year, I’d have thought NZ for the America’s Cup would have been more fun given he’s sponsoring Sir Ben’s attempt to win it.

  5. I’d have thought NZ for the America’s Cup would have been more fun given he’s sponsoring Sir Ben’s attempt to win it.

    Entering NZ is a lottery. And once in he couldn’t get out without a lottery for re-entry. That’s no way to run a company.

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