{"id":18215,"date":"2012-11-16T09:06:05","date_gmt":"2012-11-16T09:06:05","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=18215"},"modified":"2012-11-16T09:06:16","modified_gmt":"2012-11-16T09:06:16","slug":"tax-havens-and-entrepreneurs-just-dont-mix-its-only-tax-havens-and-greed-that-do","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/11\/16\/tax-havens-and-entrepreneurs-just-dont-mix-its-only-tax-havens-and-greed-that-do\/","title":{"rendered":"Tax havens and entrepreneurs just don’t mix: it’s only tax havens and greed that do"},"content":{"rendered":"

I have to admit I sometimes think about moving. I guess we all do. It's not news. Until, that is, you're a millionaire who is thinking of moving to Jersey. Then apparently, it is, even for the Guardian<\/a>, who report this morning:<\/p>\n

Jersey\u00a0\u2014 you're sooo\u00a0moneysupermarket.com. The island of Jersey is expected to be the new home of Simon Nixon, the multimillionaire founder of the price comparison site, which would allow him to shelter his \u00a3400m fortune from HM Revenue & Customs.<\/p>\n

A move by Nixon, who owns just under 50% of the company and who \u2014 only two months ago \u2014 cashed in some shares to benefit from entrepreneur's\u00a0tax\u00a0relief, is likely to spark fresh concern about\u00a0tax avoidance\u00a0by British businesspeople and major multinational firms.<\/p><\/blockquote>\n

Note the \"expected\". So. it's not actually true. It's just a rumour, no doubt\u00a0spread\u00a0to secure a political point, and which will not lead to anything , just as for example, Tracey Emin\u00a0never\u00a0left and hoards of others who have said they will do so never\u00a0depart\u00a0these shores.<\/p>\n

One trip to Jersey is probably enough to persuade many of the folly of the idea of actually living there.<\/p>\n

But it's more than the isolation that will persuade most to stay here: it's the reality that you can't make money from Jersey that will persuade most that a move to St Helier is a bad idea. You see, if you really want to be in the centre of the action\u00a0Jersey\u00a0is not the place to be. And entrepreneurs can't play from the wings. So if Simon Nixon does leave what he's actually saying is his wealth creation days are over and he's into wealth protection\u00a0instead. That's because tax havens and\u00a0entrepreneurs\u00a0don't mix, at all. Tax havens and agreed do.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I have to admit I sometimes think about moving. I guess we all do. It’s not news. Until, that is, you’re a millionaire who is
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