I wonder how much that is per hour? Her foundation did help the relief aid in the Philippines https://www.theguardian.com/busines...e-coates-paid-herself-an-obscene-265m-in-2017
"Her pay is more than 9,500 times the average UK salary, 1,700 times that collected by the prime minister and more than double that paid to the entire Stoke City football team, which Bet365 owns and which was relegated from the Premier League last season. Coates’s pay is also 27 times that earned by Tim Cook, the chief executive of Apple, the world’s most valuable company." only 22 million and change
She won't be on PAYE for that kind of money, I expect that the pay will be structured in such a way that she does not pay all that much tax in percentage terms, she certainly won't be paying NI on all of that and I doubt her total effective tax rate would be anywhere near the near 29% overall rate that I pay. In general I don't suffer envy of other people's pay-packets and I don't get that bothered about how much tax they pay either as they will be getting taxed. What I do care about in this case is that she is the CEO of a company that profits from human misery, I've not read the article but I saw this earlier on the BBC website. Yeah you can't legislate against all gambling prohibition does not work, but online gambling you could legislate against that, it is too easy for people to get sucked in. Just read a bit of the article and maybe I am wrong, they describe it as a 'base' salary she might actually be paying standard tax on that although I would have expected most of it to be structured as dividends but they state she gets 45 million in dividends on her shareholding, who knows.
Her Her pay is linked to profits no doubt and the comapany pays tax on those. I agree about gambling though. Its far too unregulated still.
Yes but her personal pay, is that structured as a fixed salary plus dividends or do they mean that the quoted base figure of 220 million is PAYE?
I have a sneaky feeling that this woman's company, Bet365, is registered here in Malta like quite a few other similar businesses. It seems that Malta offers a relatively benign regulatory regime coupled with a lower tax rate than the UK's. I read somewhere that online gaming outfits simply need to maintain an office and locate (at least one of) their servers in the country.
ACtually I correct myself, I did not read the article properly. She did get a base salary of £220 million according to the article.
We are both correct. Bet365 is currently registered in Gibraltar but has a sizeable operations presence in Malta. It is, apparently, moving its entire European operation to Malta post-Brexit and is in the process of buying a commercial property on the Tigné Peninsular in Sliema for some €70 million where over 1,000 employees will be based. Bet365 also has a very large operation in Australia. Bet365 is apparently not the only British company to be attracted to English-speaking Malta's low tax regime: other online gaming and financial services companies are definitely moving, or are expected to relocate, here from Gibraltar and the Channel Islands. Excellent news for the Maltese economy.
Sadly the nightmares don't belong to them but to their never ending stream of lambs to the slaughter.
