Bet365 owners second largest British tax payer

The UK’s Sunday Times released its inaugural Top 50 Tax Payer List 2017/2018 revealing Stoke-based bet365’s owners Denise, Peter and John Coates as the second largest tax payers in Britain.

The Coates’ reportedly paid GBP 156 million in total taxes, including corporation, income and dividend taxes in the fiscal year 2017/2018.

Stephen Rubin, majority owner of JD Sports topped the list paying GBP 181.6 million and Dyson home appliance owner Sir James Dyson and family were listed in third.

“It’s hard to deny that the Panama Papers, Paradise Papers and other high-profile scandals have given the impression that none of Britain’s wealthy elite contribute a penny to our public finances but our inaugural Sunday Times Tax List shows which of the super-rich are contributing many of millions of pounds a year,”said Robert Watts, who compiles both the new Tax List and The Sunday Times Rich List.

“The Tax List also raises the question of how our country fills the gap if Brexit – or a more hostile political environment – encourages the super-rich to quit the UK for Monaco, Switzerland or other low-tax bolt holes,” Watts surmised.

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