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09 May 2008
A leading partner in a major tax firm warned US companies seeking to set up European headquarters were increasingly uncomfortable with Britain’s tax regime and were considering other bases such as Ireland and the Netherlands,
He told The Daily Telegraph that, while UK companies such as Shire Pharmaceuticals were in the spotlight for announcing its move to Ireland, a number of US companies were ‘diverting already’.
Other leading tax experts said UK companies were increasingly expressing fears about the proposed legislative changes. Bill Dodwell, Deloitte head of tax policy, said: ‘It has moved rapidly up the boardroom agenda.’
John Whiting, a PricewaterhouseCoopers partner, said the potential losses to the government from firms relocating their tax domiciles were substantial –corporation tax alone contributed about £50bn or 9% of total government revenues.
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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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