Steven
👤 PersonAppearances Over Time
Podcast Appearances
And I said to him, explain to me why. He goes, well, the amount of tax I'd have to pay in the UK is equivalent to me paying 20 million rent in the UK for the next six or seven years, which you'd have to stay here for. So he went and he pops back in every now and then. But it meant that he could keep that 150 million, whatever tax he would pay, never had to pay it to the UK.
And I said to him, explain to me why. He goes, well, the amount of tax I'd have to pay in the UK is equivalent to me paying 20 million rent in the UK for the next six or seven years, which you'd have to stay here for. So he went and he pops back in every now and then. But it meant that he could keep that 150 million, whatever tax he would pay, never had to pay it to the UK.
He's living this high-flying life now in Dubai, drops into Monaco every now and then. And I remember him saying to me, well, Steve, I'd have to pay 20 million rent a year to live here. And he went on to say, the UK product just isn't worth it. He goes, I'm going to get my Rolex robbed off me. He goes, the healthcare system isn't the best. The education system isn't necessarily the best.
He's living this high-flying life now in Dubai, drops into Monaco every now and then. And I remember him saying to me, well, Steve, I'd have to pay 20 million rent a year to live here. And he went on to say, the UK product just isn't worth it. He goes, I'm going to get my Rolex robbed off me. He goes, the healthcare system isn't the best. The education system isn't necessarily the best.
And the particular one was crime. which is I'll get mugged walking through London streets.
And the particular one was crime. which is I'll get mugged walking through London streets.
Stephen, if you allow British people who own £300 million of British assets to technically live in Monaco and not pay tax, then you will get crime and you will have dirty streets and you will have a bad healthcare system and you will have education.
Stephen, if you allow British people who own £300 million of British assets to technically live in Monaco and not pay tax, then you will get crime and you will have dirty streets and you will have a bad healthcare system and you will have education.
Because if you give all of the wealth to a group of people who do not tax, there'll be nothing left to provide things like healthcare and education for ordinary people.
Because if you give all of the wealth to a group of people who do not tax, there'll be nothing left to provide things like healthcare and education for ordinary people.
So this guy who's 300 million, how much tax return has he paid in his life?
So this guy who's 300 million, how much tax return has he paid in his life?
I have no idea. I have no idea. His business was global, though. His biggest customer was the US.
I have no idea. I have no idea. His business was global, though. His biggest customer was the US.
Because I pay 60%, and our viewers will pay 30%, 40%, 50%. Do you think it's fair that your 300 million guy pays his two or three?
Because I pay 60%, and our viewers will pay 30%, 40%, 50%. Do you think it's fair that your 300 million guy pays his two or three?
I have no idea what he pays.
I have no idea what he pays.
Well, it sounds like he didn't pay 50%.
Well, it sounds like he didn't pay 50%.