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09 Oct 2009
The UK's top companies are being wooed by Swiss authorities to relocate to a more tax-advantageous place.
Swiss cantons are understood to be contacting FTSE 100 companies to persuade them to move their base and teams, reported the Times.
It reported that one chief executive was allegedly offered a flat tax rate of 20% for his personal income to relocate top Geneva.
Grant Thornton's Mike Warburton said unsolicited offers was a new approach, but the UK was suffering due to recent tax policy.
"Consequently, places such as Switzerland are licking their lips," said Warburton.
Hedge fund managers were also understood to be targeted.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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