Tech & Biz

Britain's biggest taxpayers

by liamssoft | September 24, 2012 at 02:06 am

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They are Britain's billionaires and multi-millionaires who stay and pay their way, the super-wealthy that Her Majesty's tax officials have no need to hunt down.

At a time when politics is dominated by debate on the billions of pounds that recession-hit Britain loses in revenue to shady, offshore tax havens and tax avoidance schemes, research by The Independent reveals that many of our highest-earning taxpayers choose not to hide their income from HMRC and haven't packed their bags for Monaco or the Bahamas.

The Independent's tax list is headed by David Harding, the Cambridge-educated physicist who founded Winton Capital, the world's largest hedge fund, whose recent dividend payment of almost £53m added to his salary of £12m. Mark Coombs is worth £1.5bn and, as head of the Ashmore investment house, is an expert in emerging markets.

Others on the list include.....

#1 David Harding

Chairman and head of research at Winton Capital Management. His earnings last year included part of £52.76m dividend for 2010. Highest-paid director on £11.786m

#2 Mark Coombs

Chief executive of the fund manager Ashmore Group. In 2010-11 he was paid £43.292m in dividends and £4.909m in salary

#3 The Adderley family

The Leicestershire-based founders of the Dunelm Mill home furnishings business. Recent dividend to the family of £47m

#4 Colm O'Shea

Founding partner and chief investment officer at COMAC Capital. In 2010-11 he received £33.89m from the partnership

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