Christopher Rokos, a British billionaire hedge fund manager and philanthropist, announced he was switching his tax residence from Britain to Greece, and Alan Howard, another hedge fund billionaire, has already moved to Switzerland, according to a report that links the departures to a question about whether Britain's centre-left government is scaring off the super-rich. The report describes the government as having a fondness for higher taxes and says a spate of high-profile departures "certainly points in this direction."
Rokos moves tax residence to Greece, Howard to Switzerland
Christopher Rokos, a British billionaire hedge fund manager and philanthropist, announced he was switching his tax residence from Britain to Greece, and Alan Howard, another hedge fund billionaire, has already moved to Switzerland, according to a report that links the departures to a question about whether Britain's centre-left government is scaring off the super-rich. The report describes the government as having a fondness for higher taxes and says a spate of high-profile departures "certainly points in this direction."
The report poses the question of whether Britain's centre-left government is driving the super-rich out of the country and presents the departures as evidence pointing that way. It gives no figure for how many people have left, names no tax measure, and quotes no one who has moved or any British official.
- The source does not state when Rokos announced the change of tax residence or when Howard moved to Switzerland.
- The source does not state the reasons Rokos or Howard gave, or any statement by either man.
- The source does not state how many people make up the "spate of high-profile departures" it refers to beyond the two men named.
- The source does not name any tax measure, official or government body behind the departures, and carries no response from the British government to the question it poses.
- The source does not state the basis for its account of the departures, or name the author or originating outlet in the article body.
- The source text supplied appears truncated; some material may be missing.
Read the original at The Straits Times