Ineos executives relocate to tax haven

Jim Ratcliff, majority share holder and founder of chemical multinational Ineos, which purchased Danish utility Ørsted's oil and gas fields, is among the UK's richest individuals.

Photo: Jeff Gilbert/Alamy Stock Photo

Sir Jim Ratcliff, who was ranked 18 of the UK's list of wealthiest individuals this year, is relocating to Monaco, according to reports from several international media including The Independent.

Aside from being one the world's smallest countries, Monaco is well known as a tax haven.

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