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
Virgin Australia, the country’s second biggest aviation company, went into voluntary administration after failing to secure a £710 million bailout from authorities, the largest airline victim of the crisis so far. Branson has stated in a memo to staff that ‘our companies all pay tax in the countries they operate in’.
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