Hate Taxes? Probably Not This Much
As in, enough to bugger off and leave your family to it…
Well if you’re rich enough to be a tax exile and you decide to take the leap, that might be the level of committment you need. Take Guy Hands, Founder, Chairman and Chief Investment Officer of Terra Firma, for example…
Guardian: Guy Hands, who moved from Kent to Guernsey last April in protest at higher income and capital gains tax rates, says he has “never visited” his school age children since he left the country. They have remained with his wife at their former family home in Kent and they now have to travel to Guernsey to see him.
Hands, who would face 64% tax rate plus 18% in capital gains tax in the UK goes on to declare that he doesn’t have much time for his olds either:
“I do not visit my parents in the United Kingdom and would not do so except in an emergency.”
The details surfaced in a court dispute with Citigroup arising fromTerra Firma’s purchase of music group EMI. Citi has tried to get the case moved to London in which case all that family sacrifice could go to waste. Time in London might wreck his tax plans and leave him with a bill for the months he has so far been out of the country.
Could get some quality time with the kids though.









