Could Richard Branson lose his playground in paradise? His Australian airline has collapsed, and now the billionaire tax exile is begging for a government bailout to save Virgin Atlantic, even offering to mortgage his sun-drenched Caribbean retreat
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APRIL 30, 2020
Although the holding company of Branson’s sprawling Virgin Empire — which encompasses more than 60 subsidiaries, from gyms to music and healthcare — has its headquarters in Paddington, London, it is registered in the British Virgin Islands, where there also happens to be no corporation tax. A little too close for comfort?
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