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18 Mar 2010
Duncan Bannatyne has accused Dragons’ Den co-star James Caan of having an “unfair” advantage over him in business due to his non-dom tax status.
Caan recently launched a health club chain in direct competition to his friend’s business, and the move has sparked an angry public reaction from Bannatyne over what he perceives as an unlevel playing field.
Writing in the Daily Telegraph, Bannatyne said: "He is venturing into the health club industry. As I pay UK tax on all of the earnings that fund my lifestyle, and corporation tax on all of the profits made by my businesses, I am clearly at an unfair disadvantage. It's just as well James and I get on."
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