Latest news with #RichList
AU Financial Review
6 days ago
- Business
- AU Financial Review
In pictures: AFR Magazine's 30th anniversary celebration
0ver the past three decades, The Australian Financial Review Magazine has chronicled succession crises, power struggles, the intersections of art, culture and fashion, and profiled people at the top of their game. Its annual Rich List and Young Rich issues have become institutions, while the Power list is hotly anticipated. Australia's most-awarded newspaper supplement, it was celebrated on Tuesday evening at Sydney's Bennelong restaurant with 100 guests, half of whom have appeared within the magazine's pages, or on its cover. Co-hosted with Range Rover, the evening also featured a fireside chat with Andrew Liveris, president of the Brisbane Organising Committee for the Olympic and Paralympic Games.
Sunday World
6 days ago
- Sunday World
Notorious British drug trafficker Brian Charrington dies on Costa Blanca
The 68-year-old was waiting to hear whether he had to start a prison sentence in Spain over a 2013 cocaine seizure A notorious British drug trafficker with his own Wikipedia page has died on the Costa Blanca. Brian Charrington, an ex-associate of former international cocaine baron Curtis Warren, passed away in the early hours of yesterday morning at Marina Baixa Hospital in Villajoyosa near Benidorm. The 68-year-old was waiting to hear whether he had to start a prison sentence in Spain over a 2013 cocaine seizure. His defence lawyer had requested the suspension of the eight year jail term on health grounds. Charrington started out as a car dealer in Middlesborough but went on to own a Rolls Royce, Bentley, private jet and fleet of yachts thanks to his international drugs empire. In 2011 his fortune was put at £20 million. In the eighties he teamed up with Curtis Warren, whose personal fortune was so large he appeared on the Sunday Times Rich List, to import cocaine to the UK from Venezuela. The pair were arrested in early 1992 after a shipment of more than 900 kilos of cocaine sealed inside lead ingots in steel boxes was discovered. The subsequent trial collapsed after it transpired Charrington was a police informant for the North-East Regional Crime Squad. Britain's security forces went on to re-home him in Australia but his visa was revoked shortly after his arrival. He went on to build up links with north African drug dealers after relocating to Spain and laundered millions of pounds from a fortified villa on Spain's Costa Blanca which he used to bring hashish from Morocco across the border. He was acquitted in two drugs trials in the UK before being extradited to Germany and sentenced to seven years jail in 2003 for conspiracy to smuggle cocaine into the country. Charrington was extradited to France following his release in 2006 to serve a two year prison term over the discovery of 650 kilos of hashish found on his yacht in the English channel in 1995. In 2004 he lost a civil suit against the Assets Recovery Agency over more than £2 million found in his loft which he and Curtis Warren disputed the ownership of. The civil recovery order against him and Warren was described at the time as the largest of its kind. Spanish police described Charrington after his 2013 arrest in Spain as "one of the ten most investigated criminals" by European police forces and "leader of an international gang of drug smugglers." Spanish police held Charrington in 2013 along with a number of other people including his French girlfriend Isabelle Robert and son Ray after a long-running investigation sparked by a tip-off from French police that he and Robert were smuggling cocaine into Europe from Venezuela. Their luxury villas in Calpe near Benidorm on the Costa Blanca were among a number of homes raided by police on July 4 2013. Brian Charrington News in 90 Seconds - July 23rd In a subsequent indictment in which prosecutors initially demanded an 18-year prison sentence for Charrington, they claimed he tried to erase information he had chalked on a blackboard in his office about amounts of cocaine and sale prices during the raid on his home. Police revealed at the time of the operation they had seized 220 kilos of cocaine worth £10 million at another apartment in Albir near Benidorm, said to have been smuggled into Spain through the nearby port of Altea. Britain's Serious Organised Crime Agency (SOCA), Venezuelan police and a regional 18-member-state police organisation called Ameripol set up to fight drug trafficking, were also involved. Drug lord Charrington's original 2018 trial and conviction following the 2013 drug bust was quashed by Spain's Supreme Court over impartiality issues and a second trial had to be held. That resulted in an eight year five month prison sentence for the Brit criminal which his lawyers were trying to get him exempted from serving because of his poor health. The Spanish courts had yet to rule on Charrington's lawyer's request when he passed away. One of Brian's three grown-up children wrote on social media late last night: 'Rest in peace Dad.' The Brit criminal is understood to have been admitted to hospital shortly before his death.
Rhyl Journal
17-07-2025
- Business
- Rhyl Journal
Fewer people claimed non-dom tax status in UK ahead of Government crackdown
There were about 73,700 people claiming non-domiciled tax status in the year ending in April last year, according to estimates from HM Revenue & Customs (HMRC). This was 400 fewer than the 2022-23 tax year, or a dip of about 0.5%. The number of non-doms, according to self-assessment tax returns, stood 3,900 below that in the tax year ending 2020. It indicates a slowdown in the number of people claiming the tax status following a post-pandemic resurgence. Non-domiciled means UK residents whose permanent home, or their 'domicile' for tax purposes, is outside the UK. The regime meant that so-called non-doms paid tax in the UK only on income generated in the UK – meaning any income earned overseas was exempt from British taxation. However, the Labour Government abolished the non-dom tax status in April following backlash that wealthy residents could enjoy the benefits of living in the UK without paying as much tax. Previous chancellor Jeremy Hunt estimated that scrapping the regime would raise about £2.7 billion for the Treasury by 2028-29. Recent data showed the UK saw the biggest fall in billionaires on record amid the Government non-dom clampdown. The Sunday Times Rich List said there were fewer of the world's 'super rich' coming to live in Britain. HMRC's data published on Thursday showed that some £9 billion was raised from non-doms paying income tax, capital gains tax and national insurance last year. This was a £107 million increase on the prior year, despite the dip in the number of individuals.
South Wales Guardian
17-07-2025
- Business
- South Wales Guardian
Fewer people claimed non-dom tax status in UK ahead of Government crackdown
There were about 73,700 people claiming non-domiciled tax status in the year ending in April last year, according to estimates from HM Revenue & Customs (HMRC). This was 400 fewer than the 2022-23 tax year, or a dip of about 0.5%. The number of non-doms, according to self-assessment tax returns, stood 3,900 below that in the tax year ending 2020. It indicates a slowdown in the number of people claiming the tax status following a post-pandemic resurgence. Non-domiciled means UK residents whose permanent home, or their 'domicile' for tax purposes, is outside the UK. The regime meant that so-called non-doms paid tax in the UK only on income generated in the UK – meaning any income earned overseas was exempt from British taxation. However, the Labour Government abolished the non-dom tax status in April following backlash that wealthy residents could enjoy the benefits of living in the UK without paying as much tax. Previous chancellor Jeremy Hunt estimated that scrapping the regime would raise about £2.7 billion for the Treasury by 2028-29. Recent data showed the UK saw the biggest fall in billionaires on record amid the Government non-dom clampdown. The Sunday Times Rich List said there were fewer of the world's 'super rich' coming to live in Britain. HMRC's data published on Thursday showed that some £9 billion was raised from non-doms paying income tax, capital gains tax and national insurance last year. This was a £107 million increase on the prior year, despite the dip in the number of individuals.
North Wales Chronicle
17-07-2025
- Business
- North Wales Chronicle
Fewer people claimed non-dom tax status in UK ahead of Government crackdown
There were about 73,700 people claiming non-domiciled tax status in the year ending in April last year, according to estimates from HM Revenue & Customs (HMRC). This was 400 fewer than the 2022-23 tax year, or a dip of about 0.5%. The number of non-doms, according to self-assessment tax returns, stood 3,900 below that in the tax year ending 2020. It indicates a slowdown in the number of people claiming the tax status following a post-pandemic resurgence. Non-domiciled means UK residents whose permanent home, or their 'domicile' for tax purposes, is outside the UK. The regime meant that so-called non-doms paid tax in the UK only on income generated in the UK – meaning any income earned overseas was exempt from British taxation. However, the Labour Government abolished the non-dom tax status in April following backlash that wealthy residents could enjoy the benefits of living in the UK without paying as much tax. Previous chancellor Jeremy Hunt estimated that scrapping the regime would raise about £2.7 billion for the Treasury by 2028-29. Recent data showed the UK saw the biggest fall in billionaires on record amid the Government non-dom clampdown. The Sunday Times Rich List said there were fewer of the world's 'super rich' coming to live in Britain. HMRC's data published on Thursday showed that some £9 billion was raised from non-doms paying income tax, capital gains tax and national insurance last year. This was a £107 million increase on the prior year, despite the dip in the number of individuals.
