It is now well known amongst economists that if you tax people too highly they either go elsewhere, or find ways to evade it.
This £250K cap is ridiculous. Who, finding themselves in this boat, wouldn't find a friend?
Betfair, tax evasion has been around since taxes began - a few thousand years before you came up with a good idea and compromised your founding principles.
But of course we have a share holders meeting coming up very shortly - and we have to explain our lamentable performance against plan.