...taken from the Sunday Times "money" supplement 23/11/08.
Lord Paul of Marylebone is founder and chairman of Caparo Group, a British based global steel manufacturing and engineering company.
When asked what property he owns, Lord Paul tells us he owns his flat in Portman Place in central London worth £900k and a country house in Beaconsfield that he bought three-and-a-half years ago for £6.5million.
He was asked "What are your views on tax?"
His reply was...
That's the answer chaps, non-dom and pay £30k!
Lord Paul of Marylebone is founder and chairman of Caparo Group, a British based global steel manufacturing and engineering company.
When asked what property he owns, Lord Paul tells us he owns his flat in Portman Place in central London worth £900k and a country house in Beaconsfield that he bought three-and-a-half years ago for £6.5million.
He was asked "What are your views on tax?"
His reply was...
I am a non-dom, I've never hidden the fact. I'm happy to pay the £30,000 annual fee - I don't think I have much choice. I think it's a reasonable settlement.
In my view, the whole non-domicile issue was taken out of proportion and I just hope it doesn't damage UK business.
Most of my money - around 65% - is in the UK, but I also have parts of the business in the US, Spain, India and Canada.
In my view, the whole non-domicile issue was taken out of proportion and I just hope it doesn't damage UK business.
Most of my money - around 65% - is in the UK, but I also have parts of the business in the US, Spain, India and Canada.
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