Career
As a result, she has been referred to as the wealthiest and second wealthiest woman in the United Kingdom.
Via Jersey-registered and its subsidiaries, Green owns 2,300 shops in the United Kingdom. Taveta"s assets include:
92% of Arcadia Group, parent of Topshop, Burton and Dorothy Perkins
Sears "Shoe Express" chain
53% owner of Owen Owen Holdings
In September 1999, Green became a shareholder in the parent of Mark One
A £23m-plus shareholding in Marks & Spencer during an attempt to purchase the company at the beginning of 2000
As a result, Taveta (and hence Green) controls 12% of the United Kingdom clothing retail market, making Taveta the second-largest operator in the sector. The leader, Marks & Spencer, has been the target of three unsuccessful takeover bids from Taveta.
The arrangement between the married couple (with working-week London resident Sir Philip as the Chief Executive Officer or Chairman of all companies, while Tina Green remains the sole shareholder via Jersey-based, but resident in Monaco) means that the couple minimise their United Kingdom taxation liability.
As a result, Sir Philip has become the target of activist group United Kingdom Uncut, initially in November 2010, for his history of corporate tax avoidance. The group targeted Sir Philip specifically as a United Kingdom Government advisor.
He became the focus of anger over the programme of government cuts that campaigners said could be avoided if tax dodging was stamped out, bringing in some £25bn a year to the public purse and reducing the national debt. On 4 December 2010, campaigners staged a sit-in at Arcadia"s flagship London Topshop store in Oxford Street.
In Brighton, a few campaigners glued themselves to the branch"s windows.
Other high streets in towns and cities across Britain saw similar protests in a day of action against the tax arrangements of rich individuals and big businesses. Since is owned by Tina Green, who resides in Monaco, protestors claim that the couple avoid paying £285 million in United Kingdom personal income tax, that would be payable if a United Kingdom resident owned the company. In November 2005, Sir Philip approved a dividend payout that benefitted his family via Taveta/Tina Green by £1.2bn, paid for by a loan taken out by Arcadia, cutting Arcadia"s corporation tax as interest charges on the loan were offset against profits.
The payout was the biggest annual dividend payout to an individual by a British company.