Ocado chief slams non-dom move

The co-founder of Ocado has said the business would not have got off the
ground without funding from non-doms, becoming the latest business figure to
criticise the government’s crackdown.

Jason Gissing said: ‘We are irritated because the Chancellor has increased
capital gains tax in a knee-jerk reaction to criticism of the private equity
industry. [The tax] actually penalises people like us who have started a
business, created 3,000 jobs and created a new service. Then he says he’s going
to penalise the nondoms who finance businesses like ours and get them off the

Ocado is understood to have raised half of its £300m start-up funding from
reported. The business delivers Waitrose goods.

Separately, the paper reported that Tory donors had been furious about the
party bringing up the idea of taxing non-doms, which it did prior to the
government announcing its plans.

One donor said: ‘When the Conservatives came up with the idea of a charge I
know a lot of people were very, very annoyed because they felt that the party
was opening up Pandora’s Box and giving Labour the opportunity to move on the

Further Reading:

The Times’ story

enough non-dom nonsense

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