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Old 2nd May 2015, 17:14
  #809 (permalink)  
BasilBush
 
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Press coverage normally puts Branson in the non-Dom category, such that his worldwide (non-British) income is shielded from UK tax. If Labour gets in and scraps the non-Dom principle, would Branson be happy to have his tax bill increase massively? Or would he give up his UK citizenship and retire permanently to the Caribbean?

If so, how does that leave the status of Virgin Atlantic as a European airline for bilateral purposes? It would be difficult to maintain the pretence that Virgin is owned by "European persons".
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