Today: Tuesday, 23 April 2024 year

A native of Russia became the largest taxpayer in the UK

A native of Russia became the largest taxpayer in the UK

The founder of the trading company XTX Markets, 43-year-old Alexander Gerko, who renounced Russian citizenship, topped the list of the UK’s largest taxpayers for 2022.

The Moscow-born billionaire who recently renounced his Russian citizenship has topped the Sunday Times tax payer list this year, paying more than £487m into the UK government budget in just 12 months.

This amount is equivalent to more than 1.3 million pounds in tax payments per day or more than 55 thousand pounds per hour, the newspaper notes.

In total, the UK’s top 100 taxpayers have given over £5.2bn to the treasury, with over £2.3bn paid by individuals in the top 10 alone, the article says.
The list also includes such famous names as the British singer Sting (52nd), who paid 25 million pounds in taxes in 2022, and the author of the Harry Potter series of books JK Rowling (81st), who donated 15 million pounds to the kingdom’s treasury.
Gerko, who was born and raised in Russia, received his PhD in Mathematics from the Lomonosov Moscow State University. Lomonosov. In 2016, he received British citizenship, and at the end of 2022 he completely abandoned the Russian one. His XTX Markets, founded in 2015, trades around £300bn daily and paid a £1.3bn dividend in March last year, the Times reported.