Smurfit vows to quit Britain if tax levy is introduced

MULTIMILLIONAIRE paper tycoon Dermot Smurfit is threatening to leave Britain if its government presses ahead with its plans to levy non-domiciled residents £30,000 (€40,000).

Mr Smurfit, who has been based in Britain for more than 20 years and is chairman of packaging company Powerflute, is joining the ranks of top businessmen threatening to leave London if the levy is introduced.

The government plans to introduce the levy in April and it will apply to anyone who has enjoyed “non-dom” status, which means they do not have to pay tax on earnings.