Moneysupermarket founder branded a £60m tax 'traitor' after moving to Jersey


The co-founder of price comparison website has come under fire for avoiding more than £60m in tax by moving to Jersey.

Simon Nixon yesterday scooped a £200m jackpot after selling a 19% stake, or 100 million shares, in the Flintshire-based company valued at around £2 each, the Daily Mail reports. He has also been lined up for a £20m dividend pay-out from the shares he still owns. This marks the first time Nixon has made a significant disposal of his share in the business he co-founded back in 1999 and floated on the stock market in 2007. His decision to uproot from Cheshire to the tax haven of Jersey was described as ‘akin to treachery' by one MP last night. The move means he will avoid paying ca...

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