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?