UK's third-biggest taxpayer to leave for Greece
Summary
Chris Rokos, one of the UK’s richest taxpayers, plans to move to Greece and open an office in Athens. Greece offers a special tax rule that lets wealthy foreigners pay a fixed annual tax on all money earned abroad.Key Facts
- Chris Rokos paid £330 million in UK taxes last year, ranking third on The Sunday Times list of top taxpayers.
- He plans to move from the UK to Greece, where a flat yearly tax of €100,000 (£86,000) applies to foreign income for qualifying wealthy residents.
- Rokos intends to open an office in Athens.
- In March, he pledged £190 million to Cambridge University to create a new school of government.
- Rokos studied mathematics at Oxford and previously attended a state primary school and Eton College on scholarship.
- The UK government says it remains competitive for investment and talent despite Rokos’s move.
- This decision comes before Chancellor John Healey’s first Budget, which may include tax changes.
- Rokos’s representatives have not commented publicly on his reasons for moving.
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